28 March 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

Man jailed for Hong Kong exchange cyber-attack stunt

12 November 2012  |  6811 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)

Finextra news in your inbox

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

Related stories

Banks told to step up security over DDoS attacks

Banks told to step up security over DDoS attacks

26 October 2012  |  8467 views  |  1 comments | 10 tweets | 8 linkedin
HKEx embarks on US$380m tech overhaul

HKEx embarks on US$380m tech overhaul

28 March 2012  |  4638 views  |  0 comments
Bursa Malaysia site hit by DDoS attack

Bursa Malaysia site hit by DDoS attack

14 February 2012  |  6779 views  |  0 comments
HKEx Web site hit by hackers

HKEx Web site hit by hackers

10 August 2011  |  7206 views  |  0 comments
South Korean bank Web sites hit by DDoS attacks

South Korean bank Web sites hit by DDoS attacks

04 March 2011  |  10336 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit abe-eba.eu

Top topics

Most viewed Most shared
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
12016 views comments | 47 tweets | 31 linkedin
MAS to roll out national KYC utility for SingaporeMAS to roll out national KYC utility for S...
11701 views comments | 33 tweets | 45 linkedin
hands typing furiouslyTwo key technologies driving Machine Learn...
8286 views 0 | 16 tweets | 4 linkedin
UK to roll out image-based cheque clearing systemUK to roll out image-based cheque clearing...
6833 views comments | 20 tweets | 43 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job