Five Eyes launches probe on Cyber Attack on New Zealand Stock Exchange

A Cyber Attack launched on New Zealand’s NZX Stock Exchange will now on be investigated by Five Eyes countries and the probe will be besides the one being investigated by the State law enforcement of the country.

Readers of Cybersecurity Insiders have to make a note of the fact that ‘Five Eyes’ is an intelligence alliance comprising countries Australia, Canada, United States, United Kingdom along with New Zealand. It is a multilateral platform crafted to share intelligence between countries and that includes data related to cyber attacks and threats.

Last week on Tuesday, the normal trading operations taking place at NZX were disrupted by cyber attacks that were later probed to have launched on Monday and Friday respectively the same week.

On Friday last week, Grant Robertson, the Finance Minister asked the HCSB- the government agency assigned with the duty of protecting the National Infrastructure of NZ, to investigate the perpetrators behind the attack.

The Five Eyes is interested in learning the facts on whether any state funded actor was involved in the incident as its neighboring state Australia accused China for launching cyber crime against Australian Institutions since May this year.

Meanwhile, the stock markets opened to full-scale operations this week, after a halt of 4 consecutive days in the last week as the website of the stock exchange firm was targeted by a DDoS attack aka denial of service attack.

The NZ Government Communications Security Bureau contacted network threat analyzing company Akamai on Saturday to investigate the incidents related to the offshore attacks.

Mark Peterson, the Executive Chief of NZX assured that the situation was under control and they have beefed all security measures to thwart any kind of cyber threats in near future.

Naveen Goud
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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