Cyber security alert: DSE reduces time for using mobile app

I’m curious as to how this move really improves the security of the system. Perhaps it gives the defenders a bit more time to respond to attacks?…:

The Dhaka Stock Exchange (DSE) has reduced the time for DSE mobile app users’ access to the trading system in view of the current cyber security situation and alert.

The prime bourse has decided to allow the access to trading work station (TWS) and the DSE mobile app trading system from 8:00am to 8:00pm only on trading days, according to a web posting on Sunday.

Earlier, the mobile app users could access the trading work station and DSE mobile app trading system round the clock every day.

The measures have been taken for the greater interest of the stock exchange, investors and the nation as a whole, according to the disclosure.

“We shall normalise the access of the users to the trading system once the situation is improved,” the disclosure added.

The DSE has taken the decision as precautionary measures and to avoid any cyber hacking attempts by foreign hackers, said a DSE high official.

The DSE launched the mobile-based share trading app on March 9, 2016. The app is available on Google Play Store and offers features to help users track the indices and get market and company information.

Recently, several banks have opted to limit the operations of their automated teller machines for six to eight hours at night following an alert issued by the Bangladesh Bank in anticipation of cyber hacking attempts by foreign hackers.

Some banks kept their ATM booth operations closed for eight hours from 11:00pm to 7:00am while some kept them suspended for six hours from 12:00am to check fraudulent acts.


Original article here