New Zealand Stock Exchange trading halted on 2 days after cyberattack - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

New Zealand's stock exchange was shut down on 2 straight days after a 'mafia type' gang launched a cyberattack

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Trading activity in New Zealand's stock exchange was halted for a second consecutive day as "mafia style" hackers targeted the country's stock market with a cyber attack, authorities confirmed.

The stock exchange said in a statement that it faced a "volumetric distributed denial of service" attack from offshore via its network service provider. Speaking to Radio New Zealand, Auckland University of Technology Professor Dave Parry said that the attack was likely carried out by a "mafia type" gang of hackers.

"The systems impacted included NZX websites and the Markets Announcement Platform. As such, NZX decided to halt trading in its cash markets at approximately 15.57," the exchange said of the Tuesday attack. On Wednesday, hackers struck again, with the exchange going down at just after 11 a.m. local time. It remained offline until around 3 p.m, the exchange said. The attack has been dealt with and connectivity has been restored, the exchange added.

"This morning NZX experienced a further disruption similar to yesterday's related to a DDoS attack." the exchange said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

drboycewatkins1

Good morning world

'ya'll making how much a week?' 'oh yeah we need that'

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the $415,000-a-month Hamptons cottage where Rihanna vacationed this summer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Is inside the house made with gold? Snore.
Source: BusinessInsider - 🏆 729. / 51 Read more »