New Zealand Stock Exchange resumes trading

Source: Xinhua| 2020-08-28 15:24:44|Editor: huaxia

WELLINGTON, Aug. 28 (Xinhua) -- The New Zealand Stock Exchange (NZX) resumed trading on Friday afternoon as its website was restored from the cyber attacks that had caused the website down in four consecutive days.

The NZX confirmed that the NZX Main Board, NZX Debt Market and Fonterra Shareholders' Market resumed trading at 1:00 p.m. Friday afternoon in a memorandum.

The NZX website went down on Friday morning before being restored briefly at about 10:30 a.m. but collapsed again minutes later.

The NZX said it had been working with its network service provider Spark, and national and international cyber security partners, including the Government Communications Security Bureau (GCSB), to address the cyber-attack issue.

New Zealand Finance Minister Grant Robertson said on Friday the government is directing the GCSB to assist the NZX, which is part of New Zealand's overall economic infrastructure.

"We recognise that it is important that the government works with private companies like them when they are faced with issues like the cyber attack they are currently experiencing," said Robertson.

However, Robertson said he was not aware of any ransom demands as reported by the media.

It is understood that the NZX website was under cyber attack. The type of attack was known as a distributed denial of service attack (DDoS), which overwhelms the online service rendering it inoperable.

On Tuesday, the NZX website was hit by the similar cyber attack which forced it to halt trading. The site went down again on Wednesday and Thursday for the same reason. Enditem

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