From Jandals to Cyber Boots: New Zealand’s Financial Sector Gets Schooled in Cybersecurity
In the wake of Latitude Financial’s data breach, New Zealand’s financial cyber resilience regulations are undergoing a serious makeover. No more jandals; it’s time for cyber boots. From banks to small financial advisors, everyone’s being told to get their cyber ducks in a row or risk shearing more than just wool.
Hot Take:
So, the land of the long white cloud, Aotearoa, has joined the not-so-exclusive club of cyber-attack victims. Latitude Financial's data breach, affecting a whopping 20% of New Zealand's population, is essentially the cyber equivalent of a sheep dog losing the entire flock. The regulators are now on high alert, and financial institutions are being literally told to get their cyber ducks in a row. If not, they might end up shearing more than just wool, but their reputation and finances too! Looks like cybersecurity is not just for the big boys anymore, but for everyone from banks to small financial advice providers. The message is clear: It's time to trade in the jandals for some serious cyber boots!Already a member? Log in here