Rueters.com reported that the “New Zealand’s stock exchange resumed trading on Friday, after facing disruptions for four consecutive days in the wake of cyber attacks this week, while the government said national security systems had been activated to support the bourse.”  The August 27, 2020 article entitled “New Zealand bourse resumes trade after cyber attacks, government activates security systems” included these comments:

There is no clarity on who was behind these two “offshore” attacks, but the failure to stop them has raised questions about New Zealand’s security systems, experts said.

NZX Ltd had to halt trading until afternoon on Friday, after crashing earlier due to network connectivity issues, marking the fourth day that trading has been hit.

NZX was hit on Tuesday and Wednesday by distributed denial of service (DDoS) attacks, a common way to disrupt a server by overwhelming it with a flood of internet traffic.

The attacks forced NZX to halt trading in its cash markets, disrupting operations in its debt market, Fonterra Shareholders Market and derivatives market.

Tough news for the NZX!

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