New Zealand stock exchange halts trading for third day because of a cyber attack
New Zealand's Exchange (NZX) said in a statement Thursday that it was working with cybersecurity experts and hoped to resume "normal trading" on Friday.The DDoS attacks aim to disrupt service with large volumes of internet traffic. A widespread DDoS attack which was in 2016 caused outages for some users on services such as Twitter (TWTR) and Netflix (NFLX). A distributed denial-of-service (DDoS) attack is a malicious attempt to disrupt normal traffic of a targeted server, service or network by overwhelming the target or its surrounding infrastructure with a flood of Internet traffic.
These types of attacks are becoming much more common, as cybercriminals capitalize on the growth in public clouds and sell their services cheaply on the dark web. The attacks have also become more sophisticated, according to Satnam Narang, a research engineer at cyber security company Tenable. Let's keep an eye on the upcoming DDoS attacks which interrupts the whole business field in common.
- by Sumithu.R
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