Markets to open this morning under new arrangements

Markets to open this morning under new arrangements
31 August 2020 –
NZX’s markets are expected to open as usual today.
The volumetric DDoS (distributed denial of service) attacks last week impacted NZX’s ability to publish
market announcements to the public. At those times, NZX made the decision to halt the market in order to
maintain market integrity.
Chief Executive, Mark Peterson, said that NZX continues to work closely with its network service provider,
Spark, and national and international cyber-security partners, including the Government Communications
Security Bureau (GCSB), as it has from the outset. It has also been working Akamai Technologies – one
of the world’s leading cyber-defence experts – to implement additional measures.
NZX has also agreed with the FMA (Financial Markets Authority) contingency arrangements for the
release of, and access to, market announcements that are intended to allow trading to continue in the
event of the nzx.com website going offline.
“NZX has been advised by independent cyber specialists that the attacks last week are among the
largest, most well-resourced and sophisticated they have ever seen in New Zealand.”
NZX notes that the National Cyber Security Centre (NCSC) has compiled and sent an Advice Notice to
New Zealand companies. NZX has also forwarded this advice to its listed issuers.
NZX is directly communicating with its stakeholders and market participants and will continue to keep
them closely updated.
ENDS.

For further information, please contact:
Media – David Glendining 027 301 9248
Investors – Graham Law 029 494 2223