Oz online stock service hacked

Real-time stock market data provider Online Trading Systems has revealed that inexplicable crashes across all six servers during the last three weeks is the work of hackers.

SYDNEY (ZDNet Australia)--Real-time stock market data provider Online Trading Systems has revealed that inexplicable crashes across all six servers during the last three weeks is the work of hackers.

The company identified the security breach after weeks of service difficulties rendered servers, used to disseminate market data to 40,000 clients Australiawide, next to useless.

”All damage has now been rectified and normal services have been reinstated,” the company said in a statement.

The company claims to have implemented new security measures to ensure “breaches are not repeated” and systems administrators have been appointed to provide continuous monitoring and “to identify any abnormal server activities”.

"We sincerely apologise to all those people who have been denied access to the Online Trading Systems data feeds during the past three weeks. Our call centres have been inundated with enquiries and we have been frustrated that we were unable to provide a satisfactory explanation for the difficulties until today," the company’s CEO Albert Dadon said.

"We can now advice that all damage caused by the hackers has been repaired, and that all services have returned to normal."

However, Dadon said that he was disappointed that the company’s competitors had used the hackings as an opportunity to “publicly attack” Online Trading Systems and its products.

”At a time where all industry members are equally susceptible to this criminal activity, we would have preferred the industry to unite in support, rather than celebrating a competitor's misfortune."

Online Trading Systems has reported the hackings to the Victorian Police and assures clients that there has been no threat to the security of subscribers' personal information, and that no clients have experienced any financial loss as a result of the breach.

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