The providers of retail payments services need to closely manage the new operational risks arising from the increasing reliance on complex technologies and the internet. This is not just about ensuring that business continuity arrangements are in place for the day that a component of the system fails. It is also about cybersecurity and protecting systems from malicious attack.
Adrian Orr: Working as one, towards our ultimate purpose Speech by Mr Adrian Orr, Governor of the Reserve Bank of New Zealand, to the Mindful Money Awards, Auckland, 29 June 2021.