A recent wave of sophisticated cyberattacks has taken aim at Wall Street asset managers, according to people familiar with the matter. The attackers attempted to break into the information systems of several large investment firms.
Hedge funds in the crosshairs
The targets include major global hedge funds Two Sigma Investments, Citadel and Point72 Asset Management. Multiple private equity firms have also been hit.
It remains unclear who is behind the attacks, what methods the attackers used, or whether sensitive data was compromised. The people familiar with the matter spoke on condition of anonymity because the information is not public.
Renewed scrutiny on financial cyber risk
The incident has again put the spotlight on cybersecurity risks facing financial institutions. As asset managers lean ever more heavily on complex information systems, algorithmic trading and cloud infrastructure, the finance industry has become a prime target for cyber attackers.
The report was attributed to Bloomberg.