Cyber-attacks could cost the financial sector more than 100-million-dollars annually
Cyber-attacks could cost the financial sector more than 100-million-dollars annually
25 February 2020
A Reserve Bank article also estimates cyber incidents in the insurance sector could cost up to 38-million .
That's two-to-three per cent of both industries' annual profits.
The Bank says this highlights the importance of effectively managing cyber risks.
It says cyber security incidents are on the rise.
© 2024 Newstalk ZB, NZCity