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HK Stock Exchange beefs up hacking defenses


Following a cyberattack that disrupted its operations earlier this month, the Hong Kong Stock Exchange (HKEx) has strengthened its security measures against hacking. The HKEx also pledged to find new ways for listed companies to disclose market information, Radio-Television Hong Kong reported Tuesday. Among the measures that the HKEx said it has adopted are a new intrusion protection system to fend off attacks, and an onsite IT support staff and engineers to give an immediate response to hacking. In a paper submitted to Legco's Financial Affairs Panel, HKEx said the new protection system has so far been able to fend off periodic attacks on its site. Also, the HKEx said it is studying long-term measures such as setting up an alternative disclosure regime, and reviewing the suspension policy. Earlier this month, a hacking attack on HKEx's disclosure website brought down the market information website. For its part, the Securities and Futures Commission said the HKEx should review information security of its systems and webservices more frequently. It also said the HKEx should ensure its protection system would be up to date on the latest hacking detection and prevention technology. Last week, a businessman appeared before a Hong Kong court for cyber attacks against the HKEx. An earlier report identified the trader as Tse Man-lai, 28. He was charged for using software designed for hacking but no plea was taken, and the magistrate adjourned the case until November 16. Tse was released on HK$20,000 bail, the report added. — TJD, GMA News

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