New Zealand has been less exposed to cyber-heists than many other countries, ranking 18th of 19 in the list of most attacked countries in the Asia Pacific Region (Australia is 16th and Pakistan 1st)2. But with the landscape evolving so rapidly, it is important that the industry remain ahead of the game on cyber-security and be cautious when adopting new technologies and payment solutions.
This is because improvements in the working of financial markets will eventually improve the allocation of financial resources in the economy, which will in turn be beneficial for sound economic growth over the medium term. 1.