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New Zealand bourse operator NZX hit by probable second cyber attack

New Zealand bourse operator NZX hit by probable second cyber attack

FILE PHOTO: People look at exchange rates displayed at the NZ Stock Exchange in Wellington Sep 23, 2009. (REUTERS/Anthony Phelps)

WELLINGTON: Trading on New Zealand's stock exchange was halted on Wednesday (Aug 26) after a likely second cyber attack, bourse operator NZX Ltd said.

NZX was working 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 11.24am local time (2324 GMT) and its website remained crashed.

Wednesday's disruption follows a halt in its cash markets on 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.

Source: Reuters/kv

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