Hong Kong police cuff suspect in stock market attacks
Hong Kong police cuff suspect in stock market attacks
Crashed website disrupted trading
Posted in Crime, 23rd August 2011 19:54 GMT
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Police have arrested a man they say is connected to a website attack earlier this month that disrupted trading on the Hong Kong Stock Exchange.
Officers investigating the August 10 attack for the Hong Kong Police’s Technology Crime Division of Commercial Crime Bureau arrested the 29-year-old man late last week, they said in a brief statement. He was arrested for “Access to Computer with Dishonest or Criminal Intent.”
The attack crashed an HKEx website that locally listed companies use to announce price sensitive news. HKEx, which is Asia’s third-biggest securities exchange, responded by suspending trading of at least seven companies that were scheduled to make announcements during that day’s lunch break. A smaller attack broke out the following day.
Police arresting the unnamed suspect from Kwun Tong also seized 17 sets of computers, two mobile phones and five digital storage devices. He faces up to five years in prison. ®
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