Tuesday, 22 December 2020, 12:24 pm
Earlier
this month, the huge Solar Winds hack became public
knowledge. Reportedly, the victims had been accessed over a
period of months starting in March 2020 by a
“sophisticated threat actor” that’s widely believed to
be the same Russian state entity (code-named Cozy Bear)
responsible for the hack of the Democratic Party National
Committee in 2016.
Solar Winds is the name of a Texas
based company specialising in remote network management. Its
list of clients includes the US Justice Department, Commerce
Department, the US Treasury, the Pentagon, all branches of
the US military, major US universities, Yahoo, Microsoft,
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DDoS attack: NZX accepts need to invest in systems and skills
Technology costs set to rise, with charge-back to market participants likely
Mark Peterson (NZX) Credit: Supplied
The NZ Stock Exchange is recognising the need for further investment to improve the stability and resilience of its technology.
The share market operator said it had has considered the recommendations and potential cost impacts following independent reviews after massive denial of service attacks in August. NZX accepts that it did not meet its own high standards in certain areas of its technology systems, it told investors this morning.