FMA scolds NZX over cybersecurity and tech failings

FMA scolds NZX over cybersecurity and tech failings
Paul McBeth
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...

More Markets

Aged care sector stands to gain from reform, analysts say
Markets

Aged care sector stands to gain from reform, analysts say

Providers are 'increasingly vocal' about economic returns on care.

Steel & Tube dampens NZ sharemarket
Markets

Steel & Tube dampens NZ sharemarket

Company predicts its full-year earnings will be down from market consensus forecasts.

Staff reporters 14 Jun 2024
Steel & Tube has ‘controlled the controllables’, CEO says
Markets

Steel & Tube has ‘controlled the controllables’, CEO says

Company's shares rose 3% immediately after guidance issued. 

Rebecca Howard 14 Jun 2024
Demand pricing may be coming to a movie theatre near you
Markets

Demand pricing may be coming to a movie theatre near you

NZX-listed Vista is rolling out a suite of AI innovations.