By
Juha Saarinen
on Jan 28, 2021 3:42PM
DDoS-struck share market failed to meet legal obligations.
The New Zealand Financial Markets Authority (FMA) regulator has issued a damning review of the NZX share exchange following a spate of high-profile distributed denial of service attacks that saw the operator go offline for days on end in August last year.
NZX is a licensed market operator that is required to meet specific general obligations under the Financial Markets Conduct of 2013.
Among these are requirements to ensure a fair, orderly and transparent markets, and to have sufficient financial, technological and human resources to operate them.