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Wednesday, 26 August 2020 11:13

NZ stock exchange suffers outages due to DDoS attacks Featured

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NZ stock exchange suffers outages due to DDoS attacks Pixabay

New Zealand's stock exchange has been hit by a distributed denial of service attack on Wednesday morning which forced the exchange to go offline for about an hour.

The New Zealand Herald reported that the exchange had gone down at 11.24am local time (9.24am AEDT) on Wednesday and resumed operations at 12.20pm.

On Tuesday evening, the exchange could not operate during its last hour, due to a similar reason.

This outage happened as the exchange was approaching a record closing.

iTWire has contacted the New Zealand stock exchange for comment.

On Tuesday evening, Spark, which is the network service provider for the exchange, said in a statement: "This afternoon a Spark customer, NZX Limited, experienced a volumetric DDoS (distributed denial of service) attack from offshore, which impacted NZX system connectivity.

"As such, NZX decided to halt trading in its cash markets at approximately 15.57.

"A DDoS attack aims to disrupt service by saturating a network with significant volumes of internet traffic. The attack was able to be mitigated and connectivity has now been restored for NZX."

Spark was contacted this morning, but referred iTWire to the stock exchange instead.


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Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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