Reseller News

NZX hit by probable second cyber attack

Wednesday's disruption follows a halt in its cash markets Tuesday evening
  • Reuters (New Zealand Reseller News)
  • 26 August, 2020 15:19

Trading on New Zealand's stock exchange was halted on Wednesday after a likely second cyber attack in as many days.

NZX subsequently worked with its network service provider to fix further connectivity issues, which appeared similar to Tuesday's breakdown caused by a cyber attack, it said in a statement.

Trading in its cash markets were suspended at around 11:24 AM local time, with its website crashing. Connectivity was subsequently restored later in the afternoon.

Wednesday's disruption follows a halt in its cash markets Tuesday evening after a distributed denial of service (DDoS) attack impacted network connectivity. The attack was from offshore, the company said.

DDoS attacks are among the most common on the internet and are designed to overwhelm websites and internet servers through heightened traffic, until they can no longer cope with the scale of data requested.

(Reporting by A K Pranav and Rushil Dutta in Bengaluru; Editing by Shounak Dasgupta and Rashmi Aich; With Reseller News Staff)