The Reserve Bank of New Zealand (RBNZ) has announced its plans to introduce cyber reporting rules that will be implemented through 2024. This initiative aims to enhance the country's cybersecurity measures and ensure the resilience of its financial system.
The RBNZ's decision to implement cyber reporting rules comes in response to the growing threat of cyberattacks targeting financial institutions. By requiring regulated entities to report on their cybersecurity practices, the central bank aims to strengthen the overall security posture of the financial sector.
