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Hong Kong police say they've arrested stock exchange hacker

Robert McMillan | Aug. 22, 2011
The August 10 attack forced the exchange to suspend trading on HSBC, Cathay Pacific and others for a half-day.

Hong Kong police have arrested a local man in connection with an Aug. 10 computer attack on the Hong Kong Stock Exchange.

The Hong Kong Exchange was forced to suspend some trading nearly two weeks ago after an attack prevented companies from publishing financial news on the HKExnews website.

The half-day shutdown halted trading for eight companies that had announced results that day, including HSBC, Cathay Pacific, and Dah Sing Bank.

Computers were attacked again on the following day, although that attack was thwarted, according to the Hong Kong Exchange.

On Saturday, the Hong Kong Police Force said it had arrested a 29-year-old suspect in the Kwun Tong district two days earlier, seizing computers, mobile phones and digital storage devices in the raid.

The man faces one count of access to computer with dishonest or criminal intent, the police said in a statement. He is due to appear in court on Wednesday.

 

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