The Reserve Bank said it wasn't warned in time that a file-sharing system it used had been hacked, or that a patch was available that could have preve

Reserve Bank says it had 'no warning' to avoid a hacking attack

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2021-05-31 06:00:07

The Reserve Bank said it wasn't warned in time that a file-sharing system it used had been hacked, or that a patch was available that could have prevented a data breach.

Reserve Bank Governor Adrian Orr last month publicly apologised for the serious data breach which occurred via a third-party file-sharing system supplied by Californian company Accellion.

The software system is believed to have been used by the central bank to receive large files containing confidential information from banks, in its capacity as a regulator of the banking sector.

READ MORE: * Reserve Bank statistics go dark for a few weeks due to hack * Reserve Bank hack has brought its capabilities into question * Reserve Bank hack: bank may not have applied patch in time * Reserve Bank reveals more details of cyber-attack

“Accellion failed to notify the bank for five days that an attack was occurring against its customers around the world, and that a patch was available that would have prevented this breach,” he said.