Account holders will have until the end of the year to prove their balances.
Losses to NZers from online scams are currently estimated at $200 million annually.
Transpower, Auckland council and Contact Energy are big players.
The Reserve Bank of New Zealand has beefed up its cyber security requirements, wanting its regulated entities to report material incidents “as soon as possible”.After seeking feedback last year, the bank (RBNZ) is implementing new requirements in phases over 2024.They included re...