FMA scolds NZX over cybersecurity and tech failings

Thu, 28 Jan 2021

The Financial Markets Authority says NZX fell short of its obligations as a licensed market operator, with substandard tech resources and poor risk management.The market regulator looked into the high-profile distributed denial of service attacks on NZX’s website in August last year and disruptions caused by a spike in trading volumes in March and April when the covid-19 pandemic heightened market volatility. The DDOS attacks repeatedly took down trading during the typically busy earnings season.It also investigated NZX’s August sta...

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