Companies listed on the Nasdaq Dubai have no need to fear hackers accessing their confidential information, despite a security breach at the exchange's high-profile New York namesake.
Wall Street was alarmed after it was announced on Saturday that hackers broke into a Nasdaq service that handles confidential communications for some 300 corporations - the latest in a series of breaches in Stateside financial security.
However, a spokesman for Nasdaq Dubai yesterday said that its trading was "proceeding normally" and that it used different systems to those in New York.
"We of course have the Nasdaq name... but we don't use the same trading platform," said Nasdaq Dubai's Mark Fisher.
In the US, reports said hackers accessed Directors Desk - a service which helps companies share documents with directors between scheduled board meetings, repeatedly, for more than a year. Experts have said penetrating the service could be of great value for insider trading.
Computer security experts have long warned that many companies aren't doing enough to protect sensitive data.
© 7Days 2011
