KATE THOMPSON DAVY: Cost of broken hearts: the cybercrime that flourishes in the shadows 🔒
The New Zealand stock exchange fell victim to repeated distributed denial-of-service attacks last week and earlier this week. This is a common cyberattack tactic in which a server or network is taken down by an avalanche of traffic.
It overwhelms the mark, so the resource or service is inaccessible to users. This can be mere mischief, or a distraction from another, more directed hack, or — as was the reportedly case with NZX — a ransom scheme.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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