In a Monday statement, the Reserve Bank of New Zealand proposed gathering financial entity data on cyber events to understand financial sector cyber risks and resilience better.
The central bank proposed obligatory reporting of material cyber events within 72 hours of detection, periodic reporting of all cyber occurrences regardless of materiality, and a regular cyber resilience study.
Before adopting the new guidelines, the central bank wants comments.
RBNZ Director of Prudential Policy Kate Le Quesne said this data would help the bank understand banking sector cyber resilience.
