Godlike Productions - Reply to Thread

Users Online Now: 2,111 (Who's On?)	Visitors Today: 1,351,487
Pageviews Today: 1,851,312	Threads Today: 473	Posts Today: 7,950
02:40 PM

REPLY TO THREAD

Subject Hong Kong Stock Exchange Hit By Hackers: Suspends Trading of 7 Companies' Shares Incl. Cathay

User Name

Font color: Font:

In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.

[quote:Biochemky:MV8xNTkxMjI0XzI2Mjk3NTA0XzE0OTc3RDEx]
Hong Kong Exchange Website Hacked

August 10, 2011

The unprecedented trading halts on the seven [companies, 3 blue-chip], [b][i]all of which released price-sensitive information [/i][/b]during the usual midday trading break, came as the benchmark Hang Seng Index recovered some of Tuesday's 5.7% plunge.

The hacking, which comes amid heightened global concern over online hacking, [b]raised questions over the preparedness of Hong Kong's bourse, [i]the key international exchange for trading [u]Chinese companies[/u][/i][/b].

The [b]security breach [/b]comes as more companies experience online hacking. A study released last week by security firm McAfee showed that dozens of government entities, [b]major companies and nonprofits around the world were the victims of a massive,[i] years-long cyber-attack[/i] effort[/b].

"[b]We couldn't ensure even and fair dissemination of information[/b]," said Mark Dickens, head of listing at the stock exchange.

Companies that were suspended from trade Wednesday included [b]HKEx, Cathay Pacific Airways Ltd.[/b], which like the bourse operator reported earnings Wednesday, and [b]banking giant HSBC Holdings PLC[/b], [i]which announced a deal to sell its U.S. credit card and retail services business[/i]. [u]The three account for around 18% of the benchmark Hang Seng Index's weighting[/u].

http://online.wsj.com/article/SB10001424053111903918104576499483269113492.html
[/quote]

Original Message Hong Kong bourse hit by 'malicious hacking'

August 8, 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.

Firms that were suspended from trade include blue-chips banking giant HSBC and Hong Kong flagship carrier Cathay Pacific, after the technical problems were reported on the bourse's website shortly after the midday break.

Cathay meanwhile reported its 2011 half-year earning results, with net profit tumbling almost 59 percent compared to a year earlier.

Hackers attacked the Zimbabwe stock exchange website on Friday, forcing a shutdown of the site and hampering traders monitoring performance on the 79-company bourse.

[link to www.bangkokpost.com]

[link to news.google.com]

Pictures (click to insert)





\| Next Page >>