Hackers attack New Zealand’s central bank

Unknown persons may have stolen sensitive information in a cyberattack on the central bank in New Zealand. Who is behind the attack?

According to its own information, the Central Bank of New Zealand has become the target of a hacker attack. Unknown persons had gained access to an external file-sharing platform that the Reserve Bank of New Zealand used to transmit and store some confidential data, the central bank announced on Sunday.

The extent and nature of the information that may have been stolen is still unclear, central bank Governor Adrian Orr said. “However, there may be some commercially and personally sensitive information involved.” But the bank’s core business is intact, he said.

The incident is being handled with “the highest priority,” Orr said. Together with domestic and international cybersecurity experts, he said, the central bank is already working to investigate and respond to this “malicious attack.”

Expert predicts more attacks on New Zealand’s institutions

IT security researcher Dave suspects a foreign government is behind the attack. For a criminal organization, such an intrusion would hardly be worthwhile, because “government institutions won’t pay you a ransom,” the professor of computer science at the University of Auckland told Radio New Zealand. A foreign state, on the other hand, might be more interested. Parry predicted there would likely be more such attacks soon.

The central bank itself had warned just over a year ago that the number and scale of cyberattacks in the country were increasing. And in recent months, such incidents have become more frequent at major institutions. In August, for example, the operator of the New Zealand Stock Exchange fell victim to a hacker attack.

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