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Cyberattack on stock exchange website denied

Trial starts of businessman accused of launching raids, forcing shutdown of HKEx site last year

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A businessman accused of unleashing a cyberattack on the stock exchange website and showing how to launch such a raid has gone on trial.

Tse Man-lai 28, pleaded not guilty in the District Court yesterday to two counts of obtaining access to a computer with criminal or dishonest intent.
Tse allegedly carried out the attacks on August 12 and 13 last year from a computer at his home in Kingswood Villas, Tin Shui Wai. He is also accused of setting up a blog that demonstrated an attack on the HKExnews.hk site.

The attacks prevented people from accessing the price-sensitive information of listed companies. The bourse shut down the website and suspended trading in seven firms, including HSBC, with a combined value of HK$1.5 trillion, on August 10.

Prosecutor Olivia Tsang Oi-kei said Tse committed the offences for personal gain and to get business for a company he set up in 2008.

Tsang said HKExnews came under two "denial-of-service", or DoS, attacks. They are designed to interrupt or suspend an internet service to its users. When such attacks target one or more domain name system - critical components of the internet infrastructure - they are called DDoS attacks.

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