WELLINGTON - The New Zealand stock market was hit by a fifth day of cyber attacks on Monday , crashing its website, but maintained trading after switching to a contingency plan for the release of market announcements.
A spokesman for NZX confirmed the website was down, but said trading on its platform, which began at 10.00am local time , was continuing as usual through the contingency arrangements. "NZX has been advised by independent cyber specialists that the attacks last week are among the largest, most well-resourced and sophisticated they have ever seen in New Zealand," NZX's Chief Executive, Mark Peterson said.NZX Ltd faced disruptions for four days last week when it was hit repeatedly by distributed denial of service attacks, a common way to disrupt a server by overwhelming it with a flood of internet traffic.
"At those times, NZX made the decision to halt the market in order to maintain market integrity," it said.
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