The FMA says a number of cybersecurity incidents have come to its attention.
“It’s a good time to remind financial services firms of the importance of reviewing IT security and maintaining cyber-resilience,” says the industry regulator.
“In particular, firms need to proactively monitor IT systems and electronic mailboxes to identify any unusual activity and ensure they have not been compromised. We’d also note the importance of maintaining internal risk controls to protect customer information and money.”
An FMA guidance document summarises the findings of a review of cyber-resilience in New Zealand financial services, with guidance for firms on areas for improvement.
The New Zealand National Cyber Security Centre has also published a cybersecurity guide to help organisations consider the specific risks around staff working from remote locations.