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.
The NCSC wants developers to get serious on software security
The NCSC’s new Software Security Code of Practice has been praised by cyber professionals as a significant advancement in enhancing software supply chain security.
