New Zealand stops trading for 4th straight day after several cyber attacks


New Zealand’s NZX Exchange has been targeted for four days of DDoS attacks this week.

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Trading in New Zealand’s stock market closed for the fourth consecutive day on Friday due to several cyber attacks.
“We are currently experiencing connectivity issues, which appear to be due to severe DDoS attacks from this week’s offshore,” Wellington-based exchange operator NZX Ltd. NZX,
-2.95%
Said in a statement. The website of NZX was also below. DDoS, or distributed denial-of-service, attacks affect targeted servers or networks with traffic.

ZDNet.com reported that a global criminal syndicate is behind the attacks, which are part of a global campaign to extract bitcoins from some of the world’s largest financial and e-commerce companies. PayPal PYPL,
+ 0.42%
And JDNet said with MoneyGram MGI, its Venmo service has also been targeted.
-0.32%,
YesBank India, Worldpay and Braintree.
The hackers are reportedly similar to those identified by Akamai Technologies Inc. AKAM,
+ 1.49%
Earlier this week, Joe is sending ransom letters seeking Bitcoin to companies in the US, UK and Asia-Pacific. The hackers reportedly claim to be from the Armada Collective and fancy beer groups, but it is believed that they are not actually affiliated with those infamous hacker organizations.

The New Zealand Herald reported that NZX is working with its Internet service provider as well as Cyber ​​Security Partners and New Zealand’s National Security Bureau.
Repeated interruptions to the service have caused serious concerns about the security of the exchange, and there are fears that cyber attacks may be a prelude to taking steps against large global exchanges.
Auckland University of Computer Science Professor Dave Parry of the Department of Technology told New Zealand news service Newshub that it was “a very serious attack on critical infrastructure in New Zealand,” and indicates a level of sophistication and determination that is relatively rare . ”
NZ50GR NZ50GR, New Zealand’s NZX-50 Index, before trading off
+ 0.33%
It was closing at its all-time record high of 12,073.34 set in February.
Separately, a DDoS-bitcoin extortion scheme at Tesla Inc.’s TSLA,
+ 3.97%
Nevada Gigafacting was initiated by the FBI earlier this month, and a Russian citizen was arrested in the scheme.

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