Thursday, August 27, 2020

"Spies called in as cyberattacks halt NZ exchange"

From Asia Times, August 28:

The disruption has hit in the midst of earnings season, normally one of NZX's busiest periods
Cyberattacks forced New Zealand’s stock exchange to halt trading for a fourth straight day Friday, with the country’s spy agency called in to help combat the ongoing security breaches.
“We are currently experiencing connectivity issues which appear similar to those caused by severe DDoS attacks from offshore this week,” NZX said in a statement.

Distributed denial of service (DDoS) attacks involve disrupting computer networks by flooding them with traffic.

There have been similar temporary training halts daily since Tuesday.

The shutdown on Friday came despite the NZX putting additional measures in place to maintain connectivity before the market’s opening bell....