DDoS attack: NZX accepts need to invest in systems and skills
The NZ Stock Exchange is recognising the need for further investment to improve the stability and resilience of its technology.
The NZ Stock Exchange is recognising the need for further investment to improve the stability and resilience of its technology.
The NZ Stock Exchange is keeping an independent review of the massive denial of service attacks that took the market down in August under wraps.
Google has revealed it fought off a 2.5 Tbps DDoS attack in 2017, with the company flagging exponential growth in DDoS attack volumes.
NZ's biggest local authority is on high alert after massive denial of service attacks on the New Zealand Stock Exchange and MetService among others.
New Zealand's stock exchange resumed trading on Friday, after facing disruptions for four consecutive days in the wake of cyber attacks last week, while the government said national security systems had been activated to support the bourse.
Fragmentation attacks are dominating the security landscape in New Zealand and while attacks are relatively small in comparison to the rest of Asia-Pacific, they are still damaging.
DDoS attacks are continuing to evolve and the last 12 months has seen huge growth in the number and size of the attacks going on in New Zealand.
Kiwi organisations must adopt multi-layered DDoS protection solutions, using on-premise equipment coupled with cloud-based services.