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Economics
3 mins to read

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.

Brent Edwards Thu, 02 May 2024

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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Contact the Writer: brent@nbr.co.nz
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Cyber attacks can threaten bank liquidity: RBNZ
Economics,
103872
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