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Join the Cybersecurity and Incident Response Group on LinkedInWhen Hackers Attack Hedge Funds – Compliance Week
Although the attack the BAE executives described was not real, it is by no means a far-fetched scenario. Indeed, cyber-security experts say the idea of hackers stealing hedge fund trading data to enable themselves to profit in the financial markets is entirely plausible. John Stark, managing director of digital risk-management firm Stroz Friedberg, said that […]
BAE says it ‘incorrectly presented’ cyberattack — CNBC
The executive, Paul Henninger, global product director for BAE Systems Applied Intelligence, told CNBC in June that his firm had found and stopped a malicious cyber-intrusion into a hedge fund client. Henninger declined to identify the hedge fund. But on Wednesday, BAE Systems spokesperson Natasha Davies said that the attack Henninger had described as a […]
Hedge Fund’s High-Speed Trading Strategy Derailed, Exploited by Cybercriminals – Compliance Week
April 2014, the SEC’s Office of Compliance Inspections and Examinations issued a Risk Alert regarding its initiative to assess cybersecurity preparedness in the securities industry and noted that it would soon begin to conduct cybersecurity examinations of more than 50 registered broker-dealers and registered investment advisers. A CNBC report today on an extraordinary cyber attack last year against a large hedge […]