Cyber attacks can threaten bank liquidity: RBNZ
The Reserve Bank itself was the victim of a cyber attack in December 2020 and has subsequently strengthened its own resilience to cyber risk.
The Reserve Bank has a focus on cyber security for the financial system.
As part of its moves to tighten standards under the Deposit Takers Act the Reserve Bank will consult later this year on proposals to reduce the risk of cyber attacks on the financial system.
In its May Financial Stability Report (FSR) it said cyber risk would continue to be a focus of its
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