New Zealand experienced its largest cyber data breach in 2022 when Latitude Financial faced a cyber-attack, impacting 7.9 million customers. The incident sparked a joint investigation by New Zealand and Australian authorities and potentially a class action. The Financial Markets Authority and the Reserve Bank have identified cyber risk as a major threat to the financial system. Furthermore, newer legislation and updated conditions for financial advice providers are emphasizing the importance of business continuity and cyber resilience. These are expected to apply to various financial institutions over time.
Dispersed responsibility, lack of asset inventory is causing gaps in medical device cybersecurity
Witnesses at a House hearing on medical device cybersecurity highlighted the need for better tracking of devices and their vulnerability to cyber threats. They noted
