New Zealand’s share market operator NZX says it failed to meet its own technology standards when a series of cyberattacks disrupted trading on its platform earlier this year. It says its standards were also not met when high volumes of trading in March and April caused issues around clearing and settling trades. Recommendations included formalising its “technology sub committee of the NZX board” and enhancing relationships and communications with its “ecosystem”. Peterson said NZX initiated its technology infrastructure modernisation programme in 2017, with $12 million invested over the four-year period to 2020. NZX had strengthened its Distributed Denial of Service (DDoS) defences following the cyber-attacks and increased the resilience and stability of its systems, Peterson said.

Source: Stuff December 20, 2020 21:29 UTC