Stops trading for a third day.
International media reports state New Zealand’s Stock Exchange has stopped trading due to a potential cyber-attack.
According to Radio New Zealand (RNZ) trading on the NZX was halted after its website went down on the 27th of August.
“The exchange has decided it will not resume trading today, despite the website returning to normal function and then going down again late on Thursday afternoon,” wrote the RNZ.
“That followed similar trading halts prior to the market closing on Tuesday, and for most of yesterday after an offshore cyber-attack.”
NZX released a statement which said it had “experienced a volumetric DDoS attack from offshore via its network service provider, which impacted NZX network connectivity.
A DDoS attack is a malicious attempt to disrupt normal traffic of a targeted server, service, or network by overwhelming the target or its surrounding infrastructure with a flood of Internet traffic.
“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,” states NZX. “A DDoS attack aims to disrupt service by saturating a network with significant volumes of internet traffic.
The attack was able to be mitigated and connectivity has now been restored for NZX.”
According to the BBC, “genuine traders may have had problems carrying out their business. But it does not mean any financial or personal information was accessed.”
Tags: DDoSnetworkingNZX
