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Facing the Future of Cybersecurity: ANZ Bank Battles 10 Million Attacks a Month
ANZ Highlights Cybersecurity Importance
ANZ Bank is urging organisations to prioritise keeping systems up to date as cyber threats become more prevalent, Islands Business reports. Eli Hirschauge, ANZ’s Head of Information Security, emphasised the need for regular patching, which regulators are increasingly demanding. He revealed that ANZ’s Melbourne-based security centre repels about 10 million cyberattacks per month and monitors emerging threats globally. With the rise of AI, cybercriminals are now using sophisticated tools like WormGPT to launch highly effective phishing attacks.
Collaborating with Pacific Regulators
In Fiji, ANZ is working closely with the Reserve Bank of Fiji to enhance cybersecurity protocols. Rabih Yazbek, ANZ Fiji’s Country Head, noted that the bank is a test case for new cybersecurity regulations set to launch soon. The Reserve Banks of Samoa and Papua New Guinea are also participating, guided by the International Monetary Fund.
Boosting Client Awareness
To help combat these threats, ANZ has begun conducting cybersecurity workshops for its clients, aiming to raise awareness and preparedness. The bank plans to expand these efforts by offering in-person sessions, online training, and materials for customers to share with colleagues.
(Visit Islands Business for the full story)
*An AI tool was used to add an extra layer to the editing process for this story.
