Reserve Bank of New Zealand got ‘ illegally breached’

Jacinda Ardern: New Zealand PM

New Zealand reserve bank got illegally breached due to a third party server used for sharing and storing some sensitive data. The Bank responded immediately to the illegal data breach. 

The New Zealand reserve bank issued a statement on Sunday at 2 pm (according to the New Zealand timeline). The bank said that there was an illegal computer system breach because a third-party file sharing service was hacked.

The third-party file sharing service is used by the bank for sharing and storing some sensitive information. 

Adrian Orr, Governor at Reserve Bank of New Zealand said that the breach was contained and the officials are looking into the matter with “the highest priority, and acting with urgency”.

“We are working closely with domestic and international cybersecurity experts and other relevant authorities as part of our investigation and response to this malicious attack,” said the governor.

“The nature and extent of information that has been potentially accessed are still being determined, but it may include some commercially and personally sensitive information.”

Orr further informed that the system is now secure and taken online until the whole investigation in the matter is complete. 

“It will take time to understand the full implications of this breach, and we are working with system users whose information may have been accessed. Our core functions remain sound and operational,” he said.

 Prime Minister Jacinda Ardern, Finance Minister Grant Robertson, and GCSB Minister Andrew Little have been informed of the illegal breach said a Reserve Bank spokesman.

The nature of the attack is still not clear. 

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