Thursday 11 August 2011

Hong Kong Securities Exchange Hacked, Partly Suspends Trading


Hong Kong Securities Exchange Hacked, Partly Suspends Trading

Not even security exchanges are immune to hackers these days. Hong Kong Exchanges and Clearing Limited, the world’s biggest security exchange operator by market value, suspended trading yesterday for companies including HSBC. This came after its website was hacked in what’s been described as a hack with malicious intent at a critical time.
Chief Executive Officer Charles Li told Bloomberg yesterday afternoon that along with Europe’s biggest bank by market capitalisation (HSBC), Cathay Pacific Airways and five other stocks were suspended from trading because of the hack. [Source: Bloomberg]

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