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Monday, November 30, 2020

A cyberattack disrupted the N. Zealand Stock Exchange for the fourth day in a row

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Kamal Saini
Kamal S. has been Journalist and Writer for Business, Hardware and Gadgets at Revyuh.com since 2018. He deals with B2b, Funding, Blockchain, Law, IT security, privacy, surveillance, digital self-defense and network policy. As part of his studies of political science, sociology and law, he researched the impact of technology on human coexistence. Email: kamal (at) revyuh (dot) com

The attack consisted of a distributed denial of service (DDoS) attack consisting of collapsing the network of a company with an excess of information.

The New Zealand stock exchange suffered a new interruption this Friday, for the fourth consecutive day, due to a cyber attack that forced the opening of trading to be delayed for more than three hours.

According to the stock exchange operator, NZX Ltd in the square located in the New Zealand capital, Wellington, the problems that have occurred since Tuesday are caused by a distributed denial of service (DDoS) attack, which consists of flooding the network of a company with such an excess of information that both its website and its systems collapse.

The market was unable to open today at 10.00 local time (22.00 GMT on Thursday) and trading started three hours later.

The New Zealand Stock Exchange lost one hour of trading on Tuesday, three on Wednesday and almost six hours on Thursday due to cyberattacks.

The New Zealand stock market operated by NZX is the scene of an annual trading volume of more than NZ $ 37 billion or the US $ 24.2 billion.

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