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Home Science & Technology Cyber & Internet

Did cyberattack stop trading on Tel Aviv Stock Exchange?

Computer problem took TASE's system offline for some 30 minutes on Thursday afternoon. Source of the snafu is under investigation; prior to halt in trading, main indices were up some 0.8%.

by  Eran Bar-Tal
Published on  11-26-2020 16:42
Last modified: 11-26-2020 16:42
Did cyberattack stop trading on Tel Aviv Stock Exchange?Gideon Markowicz

Prior to the halt in trading, the TASE's main indices were up | File photo: Gideon Markowicz

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A serious problem in the Tel Aviv Stock Exchange computer system brought trading to a halt for approximately half an hour on Thursday afternoon.

The TASE said that the source of the problem was under investigation.

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Experts were looking at every scenario, including the possibility that the TASE had been targeted by a cyberattack.

Trading has reopened. Shortly before the close of business on Thursday, it was unclear if and how the snafu had affected investors or whether it had caused major economic damage.

Prior to the system being taken offline, the TASE's main indices were up by some 0.8%, a reflection of investor optimism following progress toward vaccines.

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Tags: cyberattackcybersecurityEconomyIranstocksTASE

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