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Security Government

New Zealand's Central Bank Says Its Data System Was Breached (apnews.com) 22

The Associated Press reports: New Zealand's central bank said Sunday that one of its data systems has been breached by an unidentified hacker who potentially accessed commercially and personally sensitive information. A third party file sharing service used by the Reserve Bank of New Zealand to share and store sensitive information had been illegally accessed, the Wellington-based bank said in a statement.

Governor Adrian Orr said the breach has been contained. The bank's core functions "remain sound and operational," he said... "The nature and extent of information that has been potentially accessed is still being determined, but it may include some commercially and personally sensitive information," Orr added...

Dave Parry, professor of computer science at Auckland University, told Radio New Zealand that another government was likely behind the bank data breach. "Ultimately if you were coming from a sort of like criminal perspective, the government agencies aren't going to pay your ransom or whatever, so you'd be more interested probably coming in from a government-to-government level," Parry said.

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New Zealand's Central Bank Says Its Data System Was Breached

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  • What could go wrong, they said
    • We'll use AWS, they said.

      Join the army, they said. It's a man's life, they said.

      It's actually quite hard to find out what the problem was, could have been something like KYC data stored in a poorly-secured AWS bucket or just about anything. Whatever it was, it seems to have been pretty peripheral to their actual operation.

      • We'll use AWS, they said.

        "Russians stole our $3.47", they wept.

      • Looking at the number of replies to this article, I think the headline should amended to: New Zealand's Central Bank Says Its Data System Was Breached and No-one Gave a Toss
      • Whatever it was, it seems to have been pretty peripheral to their actual operation.

        And that's the point. What else should have "they" told the baking/welding/whatever company? "Don't go to the cloud, they said. Run your own server, they said." And what could possibly go wrong? You end up with your proverbial server under some desk, operated and maintained by the VP of Whatever's nephew.

        Running servers needs a fulltime department. With people who can take over if people are out for whatever reason. THAT'S what matters. If that departments salery is paid by you or Amazon is secondary. If yo

    • Look, for some companies and startups that may go bust, it makes sense to hire-purchase or rent disk storage. However, I think NZ RBA is not about to fold anytime soon, and has legal requirements to store data long term, and lots of data. Thus it should manage it own storage in-house. Here, some clot decided a 3rd party would do it better on some faith based beliefs.... I think that 3rd party service may be FTP files reporting suspicious money transfers, SWIFT, and banks closing positions, before sweeping
    • by MrKaos ( 858439 )

      Next time a recruiter contacts you, tell him you're looking for $300k (push up all our salaries)

      I'm in.

  • by cerberusss ( 660701 ) on Monday January 11, 2021 @04:23AM (#60924266) Journal

    data systems has been breached by an unidentified hacker

    "Ultimately if you were coming from a sort of like criminal perspective (...)" Parry said.

    Central banks are aiming towards 2% inflation, meaning, they steal your buying power.

    Ultimately if you were coming from a sort of like criminal perspective, you would first lock up all central bankers, then you would give the unidentifier hacker a bonus for turning them in.

    I am joking. But only sort of.

    • by Anonymous Coward
      It's better to have 2% deflation each year right? Then everyone can not spend any money waiting for the discounts. Oh and also no jobs etc as the economy grinds to a halt...
      Go back to javascript little kiddy.
  • by Viol8 ( 599362 ) on Monday January 11, 2021 @04:28AM (#60924276) Homepage

    Secured sheep futures prices? Its not like NZ is an offshore tax haven with lots of billionaire accounts shady or otherwise. Probably interns of the chinese or russian state learning their trade on low hanging fruit first.

    • New Zealander here.

      Sheep jokes? Sorry, the '80s has passed. Those jokes are nearing 40 years old. You are either Australian or have some weird fetish that you are suppressing. Sounds like jealousy too from some COVID-ravaged country where the response was shitty while NZ basks in the sun (literally).

      The question of why would someone target the money governing body of NZ? Because the Reserve Bank largely sets monetary policy, OCR rates, and more. It's pivotal to management of the economy. So, a very juic
  • We should announce each day which companies have not had a data breach. And if a company is not on the list, then you can be confident they've been hacked.

  • 8th most traded forex currency, which is managed by the reserve bank, so this breach had/has the potential to do devastating things to the economy by trading against the NZD https://www.investopedia.com/ask/answers/08/george-soros-bank-of-england.asp [investopedia.com]

  • Accellion. Not sure why so many stories just say "third party". https://www.reseller.co.nz/art... [reseller.co.nz]

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