According to CNBC, cybercriminals managed to install a malicious computer program on the servers of a well-known hedge fund, interrupting high-speed trading and sending information about its trades to unknown parties late last year.
The attack on the hedge fund, which according to knowledgeable sources was discovered and neutralized by technicians at BAE Systems Applied Intelligence, has not been previously disclosed. BAE Systems would not give the name of the hedge fund, as they are a client of BAE.
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Hedge fund hit by a complex hack
In the recent attack on the hedge fund, attackers focused on the hedge fund’s trade order entry system, seeking to disrupt the fund’s trading strategy and to send details of the trades to unknown external parties.
Paul Henninger, global product director at BAE Systems Applied Intelligence, said the hack was the most complex and so