WELLINGTON, May 8 (Reuters) - The Reserve Bank of New
Zealand is proposing collecting financial entity data on cyber
incidents to better understand cyber risks and resilience in the
financial sector, it said in a statement on Monday.
The central bank said it is proposing introducing mandatory
reporting of material cyber incidents with 72 hours of
detection, reporting of all cyber incidents periodically even if
they are not material, and a regular survey on cyber resilience.
The central bank is currently seeking feedback on the
proposal before deciding whether to implement the new rules.
RBNZ Director of Prudential Policy Kate Le Quesne said
collection of this information will improve the bank's
understanding of cyber resilience in the financial sector.
(Reporting by Lucy Craymer; Editing by Christopher Cushing)
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