Reserve Bank Governor Adrian Orr. Photo / Getty ImagesThe Reserve Bank has suffered the ignominy of being the first organisation to be hit by a compliance notice under the new Privacy Act, which came into force in December last year. Privacy Commissioner John Edwards says an independent review carried out by KPMG after a December 2020 cyber attack "revealed multiple areas of non-compliance with Privacy Principle 5." Reserve Bank Governor Adrian Orr said the Privacy Commissioner's findings "are consistent with the findings and recommendations in the KPMG review. The KPMG report recommended the Reserve Bank develop more resilient systems and processes.

Source: New Zealand Herald September 14, 2021 22:50 UTC