New Zealand stock market website crashes for fifth day in a row
WELLINGTON – New Zealand’s stock exchange website crashed for the fifth business day in a row on Monday (31) due to continued cyberattacks.
Moments before the website went down, NZX, the company responsible for operating the share market, said contingency plans had been made to allow trading to continue in the event of another cyberattack.
NZX halted trading last Tuesday (25), Wednesday (26), Thursday (27) and Friday (28) after continued volumetric DDoS (distributed denial of service) attacks, chief executive Mark Peterson said in a statement.
The attacks had affected NZX’s ability to publish market announcements to the public, he said.
“At those times, NZX made the decision to halt the market in order to maintain market integrity.”
The attacks were “among the largest, most well-resourced and sophisticated” ever seen in New Zealand,” Peterson said.
The company was working with its network service provider and the Government, as well as Akamai Technologies, to implement additional security measures, he said.
-dpa