Page 19 - Rob Everett News Today : Breaking News, Live Updates & Top Stories | Vimarsana

"You'd expect to see them accelerating certain things where there are issues and we just didn't see that."

Wall Street drama contributed to a sell-off on the New Zealand sharemarket.

Market watchdog FMA slams NZX over cybersecurity breaches, says critical gaps remain 27 Jan, 2021 07:16 PM 12 minutes to read A market watchdog has released a damning report on cyberattacks that hit the NZX over August and September last year, forcing it offline for several trading days, plus an earlier, volume-related glitch that forced it offline during April 2020. The Financial Markets Authority said the New Zealand Stock Exchange had been caught short on technology and skilled staff - and that the DDoS attack was forseeable but not planned for. It also found what it called "cultural" prob...

Reseller News Join Reseller News Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.Sign up now Financial Markets Authority slams NZX over DDoS response Regulator finds the stock market was caught flat-footed during 'foreseeable' cyberattacks The Financial Markets Authority (FMA) has found the NZ stock exchange failed to meet its licensed market operator obligations due to insufficient technology resources during last year's DDoS attacks. The FMA began a targeted review of NZX’s technology after it suffered trading volume-relat...

Pressure for real changes at the NZX Pressure for real changes at the NZX 28 January 2021 The Financial Markets Authority's reviewed the stock exchange ... after multiple major issues and outages last year -- including D-DOS attacks in August. It's criticised the exchange's technology, but expressed confidence it will make improvements. Authority chief executive Rob Everett says some of the NZX's crisis management planning and procedures were too basic. He says the NZX has been told it needs to make changes quickly. Everett says confidence in the stock exchange is crucial.