Hong Kong arrests man over stock exchange hacking

Aug 19, 2011
A woman uses her mobile phone to take a picture of the Hang Seng Index in Hong Kong. Hong Kong police said on Friday they had arrested a 29-year-old man over a cyber attack on the city's stock exchange website which halted trading in the shares of seven companies.

Hong Kong police said on Friday they had arrested a 29-year-old man over a cyber attack on the city's stock exchange website which halted trading in the shares of seven companies.

Police said they detained the man on Thursday, seizing five computers, two mobile phones and other items, a police spokesman told AFP.

"He is being investigated under the offence of access to a computer with criminal or dishonest intent," the spokesman said, adding that the man was being held for questioning.

The bourse was hit last week by what it called a "malicious" attack which caused firms including banking giant HSBC and flag carrier Cathay Pacific to suspend trading for half a day.

The website of the Hong Kong bourse, the world's most valuable exchange operator, displays listed companies' regulatory filings. The bourse said it had to suspend the trading to ensure investors had equal access to the filings.

The exchange had said its other systems were not affected and in its securities and derivatives markets were operating normally.

The hacking was detected after HSBC announced the sale of its United States credit card and retail services business as part of an overhaul to streamline its operations, while Cathay reported its 2011 half-year earning results.

The incident was the second on stock exchanges within days after hackers targeted the Zimbabwe website two weeks ago, forcing a shutdown of the site.

Explore further: UK: Former reporter sentenced for phone hacking

add to favorites email to friend print save as pdf

Related Stories

Hong Kong bourse hit by 'malicious hacking'

Aug 10, 2011

The Hong Kong stock exchange said Wednesday its website had been hit by "malicious hacking", forcing trading in at least seven companies that issued price-sensitive information to be suspended.

Cyber raids 'threaten British, US stock markets'

Jan 31, 2011

Stock exchanges in Britain and the United States have enlisted the help of the security services after finding out they were the victims of cyber attacks, The Times newspaper reported on Monday.

Dutch police arrest second teenager for hacking

Dec 11, 2010

Dutch police arrested a 19-year-old on suspicion of hacking a government website, the second teenage arrest for cyber attacks linked to the WikiLeaks fallout, prosecutors said on Saturday.

Internet trading's risks to Japan stocks

Oct 05, 2005

Japanese investors have been euphoric over the past few weeks as the stock market continues to grow from strength to strength amid growing optimism about the country's economic outlook. Yet the surge in share prices is not ...

Nasdaq hackers target service for corporate boards

Feb 06, 2011

(AP) -- Hackers broke into a Nasdaq service that handles confidential communications for some 300 corporations, the company said Saturday - the latest vulnerability exposed in the computer systems Wall Street ...

Recommended for you

UK: Former reporter sentenced for phone hacking

3 hours ago

(AP)—A former British tabloid reporter was given a 10-month suspended prison sentence Thursday for his role in the long-running phone hacking scandal that shook Rupert Murdoch's media empire.

Evaluating system security by analyzing spam volume

3 hours ago

The Center for Research on Electronic Commerce (CREC) at The University of Texas at Austin is working to protect consumer data by using a company's spam volume to evaluate its security vulnerability through the SpamRankings.net ...

Surveillance a part of everyday life

4 hours ago

Details of casual conversations and a comprehensive store of 'deleted' information were just some of what Victoria University of Wellington students found during a project to uncover what records companies ...

European Central Bank hit by data theft

4 hours ago

(AP)—The European Central Bank said Thursday that email addresses and other contact information have been stolen from a database that serves its public website, though it stressed that no internal systems or market-sensitive ...

Twitter admits to diversity problem in workforce

7 hours ago

(AP)—Twitter acknowledged Wednesday that it has been hiring too many white and Asian men to fill high-paying technology jobs, just like several other major companies in Silicon Valley.

Social Security spent $300M on 'IT boondoggle'

18 hours ago

(AP)—Six years ago the Social Security Administration embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims.

User comments : 0