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Cyber-attack brings the Indian stock exchange to a grinding halt

The National Stock Exchange (NSE) of India was down for almost an entire day on February 24, 2021. The Nifty, Bank Nifty, and other indices stopped across all brokerage firms in India. An NGO foundation, Moneylife Foundation, has come forward and alleged that the NSE was under attack by cybercriminals.

Although NSE has informed that the blackout was due to “issues with the links with telecom service providers,” Moneylife Foundation claims that it has evidence that this was indeed a cyberattack.MoneyLife Foundation claims that a cyberattack was the reason for the attack and that the attack targeted the collocation servers functioning inside the NSE’s building. The identity of the attacker(s) is still unknown. However, it is also important to note that the Chinese intelligence might have had a hand in this since they were the ones involved in the attack on a power grid in Mumbai on the very same day of February 2021.

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