NYSE glitch not cyber attack, White House says| MENAFN.COM

Friday, 19 August 2022 11:31 GMT

NYSE glitch not cyber attack, White House says

(MENAFN- Kuwait News Agency (KUNA)) The Obama Administration on Wednesday gave assurances that a technical glitch which halted all trading on the New York Stock Exchange (NYSE) at 11:30 a.m. local time is not related to any kind of cyber attack.

"At this point, there is no indication that malicious actors are involved in these technology issues," White House Press Secretary Josh Earnest told reporters. He affirmed that President Barack Obama was briefed by his advisers on the matter.

NYSE officials "had been in close touch with the Department of Homeland Security, with the Securities and Exchange Commission, as well as the Treasury Department," Earnest said.

"The officials at the stock exchange are working feverishly, as you would expect, to try to resolve the situation." He added that the Obama Administration "is keenly aware of the risks that exist in cyberspace right now" and it has taken a "number of steps.. to improve communication between the private sector and the federal government when it comes to safeguarding cyberspace." Earnest noted that the NYSE is "an example of a private sector entity that has a strong relationship with the federal government [and] one of the most important elements of our strategy for safeguarding the nation's computer networks from cyber threats is effective communication and sharing of information" between the two sectors.

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