12 February 2016

Man jailed for Hong Kong exchange cyber-attack stunt

12 November 2012  |  6444 views  |  0 Hong kong modern building

A Hong Kong man who carried out a cyber-attack on the island's stock exchange in a publicity stunt designed to promote his company's anti-DDoS services has been jailed.

Tse Man-lai hit Hong Kong Exchanges and Clearing's HKExnews Web site with a DDoS attack last August, leaving investors unable to access price sensitive company announcements.

The bourse was forced to halt trading in eight companies - including HSBC - and adopted a half day suspension policy for issuers which announced price sensitive information.

According to the South China Morning Post, Tse carried out the attack to promote his firm, Pacswitch Globe Telecom and a DDoS prevention method he claims to have invented.

Judge Kim Longley accepted the defence argument that Tse accessed the site only long enough to record photographs and video footage of his attacks, which he planned to use to market his services.

Tse has been convicted of two counts of obtaining access to a computer with criminal or dishonest intent and jailed for nine months.

KeywordsLEGAL

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

26 October, 2012
28 March, 2012
14 February, 2012
10 August, 2011
04 March, 2011

Related company news

 

Top topics

Most viewed Most shared
UK sets out open banking API frameworkUK sets out open banking API framework
15114 views comments | 100 tweets | 89 linkedin
Deutsche Bank calls for co-operation with fintech firms on B2B servicesDeutsche Bank calls for co-operation with...
8186 views comments | 28 tweets | 30 linkedin
How to accelerate your fintech startupHow to accelerate your fintech startup
7873 views comments | 34 tweets | 9 linkedin
Is Paym a failure?Is Paym a failure?
6646 views 16 comments | 23 tweets | 16 linkedin
Visa issues API to offer consumer control over card transactionsVisa issues API to offer consumer control...
6091 views comments | 17 tweets | 28 linkedin

Featured job


Paris (France) or Brussels (Belgium)

Find your next job