New Zealand exchange of New Zealand Exchange

History

2020: The stock exchange does not work 4 days because of cyber attacks

At the end of August, 2020 stock exchange of New Zealand it appeared under blow of cyber attacks and did not work 4 days in a row. Periodic interruptions began on Tuesday August 25 therefore the securities trading stopped before the termination of exchange day.

DDoS attacks were resumed on Wednesday, and on Thursday the platform completely stopped work because of problems with connection to infrastructure which were caused by the previous attacks. On Friday the operator succeeded to recover work only at several o'clock.

The New Zealand exchange suspended biddings after the attacks of hackers

Who exactly stands behind these cyber attacks and why the exchange of New Zealand became their object - it is unknown, but experts are concerned by a status of security systems which could not bear blow and in time recover work of the exchange. According to representatives of the New Zealand exchange, attack was organized from abroad through network provider, but so far representatives of the platform do not share details about the attack and the undertaken counter-measures.

The Minister of Finance of New Zealand Grant Robertson said at a press conference that the government is informed on a situation and charged to Management of safety of government communication (GCSB) to help the New Zealand exchange. He added that the National center of cyber security which is a part of GCSB helps the operator of the exchange, and ensures coordination between the different agencies the system of national security.

I cannot go into details and I will tell only that the government very seriously treated this incident. We realize what impact it can have on our country and therefore charged to GCSB to help the exchange in the circumstances, - Robertson noted.[1]

Professor of the Oakland technology university Dave Parri assumed that cyber attack to the exchange was made by grouping of the hackers of "mafia type" having considerable qualification and refinement reports Radio New Zealand.

Notes