Saturday, August 13, 2011

Hack Assault Hits Hong Kong Shares

Trading in 7 bonds listed on the Hong Kong batch swap was dangling on Wednesday after a hacking attack.

The assault was directed at a website run by the swap used to discuss it traders about firm announcements.

The site was close and trade in 7 firms due to make announcements around the website was dangling for half a day.

Shares in HSBC, Cathay Pacific, China Power International and the Hong Kong swap itself were amid those suspended.

"Our stream evaluation (is) that this is a outcome of a rouge assault by outward hacking," mentioned Charles Li, head of Hong Kong Exchanges Clearing (HKEC), in a statement. HKEC runs the Hang Seng exchange.

Mr Li mentioned the firm was seeking in to the ground is to assault and what hackers sought to earn from it. The situation has been referred to the military together with the Securities and Futures Commission.

The assault on the site done it at the moment unavailable. It is not nonetheless coherent either the assault inundated the site with data, creation it unreachable, or either hackers gained without official authorization access to it.

HKEC was questioning the assault and mentioned if the site remained inconsistent on Thursday, announcements would be done around the Hang Seng's circular board. Additionally, the postponement of the 7 shares would be lifted.

Price sensitive data due to be voiced enclosed HSBC announcing the sale of its US credit card arm and Cathy Pacific phenomenon half year results. The dangling bonds are amid the greatest on the Hang Seng index.

None of the other systems operated by Hong Kong Exchanges was strike in the assault and its securities and derivatives markets ran as normal.

The Hong Kong swap is a of many batch markets that have been strike by hackers. The Zimbabwe batch swap was pounded in early Aug and in February, the US Nasdaq suggested that cyber criminals had planted rouge ethics on its "Directors Desk" web application.

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