Security crisis plans are activated after stock exchange is disrupted after repeat attacks
New Zealand called in its spy agency and activated security crisis plans to help defend the stock exchange from overseas attack, after hackers disrupted the market for a fourth straight day.
Authorities have not commented on the suspected source of the attacks, which flood a network with internet traffic and disrupt services, other than saying they originate from offshore. Security intelligence company Akamai warned earlier this week that extortionists claiming to be the Russian-linked hacking group Fancy Bear have recently been sending ransom letters to companies in finance, travel and e-commerce in the Asia Pacific, US and UK demanding payments to stop attacks.
The disruptions, which come as the benchmark S&P/NZX-50 index nears a record high, are frustrating investors who were unable to trade amid a busy company earnings season.The outages are “hugely disruptive for everyone,” said Michael Midgley, CEO of the New Zealand Shareholders’ Association. “Our main concern, aside from any attempted incursion, is that it is potentially damaging to information flows.
The group sending ransom e-mails is highly unlikely to be the real Fancy Bear, but is using its name to gain notoriety, according to Yihao Lim, a cyber threat intelligence analyst at Mandiant Threat Intelligence in Singapore.
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