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NZ Reserve Bank Issues Update on Accellion Breach


We have completed our assessment of the files illegally downloaded during the breach and are notifying the organizations whose files contained sensitive information to support them and assist in managing the impact on their customers and staff, says Adrian Orr, the reserve bank s governor.
The Reserve Bank s investigation found that files removed from the bank s systems exposed data that included personal email addresses, dates of birth and credit information, Orr says.
The bank has brought in KPMG to conduct an additional independent review of its systems and processes. Our core functions remain unaffected, sound and operational, Orr notes.
Accellion s FTA Breached ....

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The Accellion Mess: What Went Wrong?


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New Zealand s Reserve Bank is one victim of a breach involving Accellion s FTA product. (Source: Wikimedia Commons)
Several data breaches stemming from unpatched vulnerabilities in Accellion s File Transfer Appliance have been revealed. What went wrong? Where does the fault lie? And what can organizations do about it?
It’s not a straightforward story, and it points to problems around balancing use of an aging software product with risk, a reluctance to move onto a newer platform and internal patching hiccups.
It’s prudent for those still using Accellion s FTA to wean themselves off of it if possible.  ....

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Australian Financial Regulator Hit by Data Breach


Recent credit license applications were accessed without authorization, ASIC says.
“While the investigation is ongoing, it appears that there is some risk that some limited information may have been viewed by the threat actor,” ASIC says. “At this time, ASIC has not seen evidence that any Australian credit license application forms or any attachments were opened or downloaded.”
ASIC officials couldn’t be immediately reached for comment. The Sydney Morning Herald reports that ASIC informed financial institutions about the breach on Monday, 10 days after it knew it had been compromised.
Meanwhile, the Australian Financial Review reports that the law firm Allens was also the victim of a breach tied to the unpatched Accellion vulnerability. ....

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NZ Reserve Bank Governor Says He 'Owns' Breach


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Reserve Bank of New Zealand Gov. Adrian Orr says he personally owns responsibility for a serious data breach involving a file transfer system.
The governor of New Zealand’s Reserve Bank, the nation s central bank, says he “personally owns” responsibility for a data breach that exposed private and sensitive stakeholder information.
On Friday, Gov. Adrian Orr said that the bank’s actions “have fallen short of the public’s expectations. This is why I am unreservedly apologizing,” according to a video included as part of a statement.
The bank disclosed on Jan. 10 that hackers had compromised the bank’s File Transfer Appliance, which is part of the file-sharing service from Accellion, a company based in Palo Alto, California. The central bank used the service to share information with stakeholders (see: ....

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