Security experts were informing the New Zealand stock exchange or NZX that it could be doing far more to protect itself from the constant threat of cyberattacks.
As per information, NZX was brought down twice in a day due to Distributed Denial of Service or DDoS.
Trading at the exchange returned to business at 3 pm on August 26, 2020. However, NZX had planned to resume regular trading at 10 am on August 27, 2020.
Additionally, IT security expert Daniel Ayers spoke to Mike Hosking about how the NZX needed to address its vulnerability on priority to alleviate the chances of further attacks.
The DDoS or Distributed Denial of Service attacks are tricky and challenging to protect against, but a tiny issue in NZX’s network makes it even more vulnerable.
Ayer further mentioned that these attacks seem to be regular ones, making the most of the basic issue with NZX’s network.