A recent wave of sophisticated cyberattacks has targeted several large Wall Street asset management firms, according to Bloomberg, which cited people familiar with the matter. The attackers reportedly attempted to breach the companies’ information systems. Large hedge funds said to be in the crosshairs include Two Sigma Investments, Citadel, and Point72 Asset Management, while several private equity firms were also targeted. The identities of the attackers, the methods used in the attacks, and whether any sensitive data was compromised remain unclear. The people cited by Bloomberg requested anonymity because the information was not public. The incident has renewed attention on cybersecurity risks facing financial institutions as asset managers rely more heavily on complex information systems, algorithmic trading, and cloud infrastructure.
A recent wave of sophisticated cyberattacks has targeted several large Wall Street asset management firms, Bloomberg reported, citing people familiar with the matter. The attackers reportedly tried to break into the companies’ information systems.
Several major hedge funds were among the targets, including Two Sigma Investments, Citadel, and Point72 Asset Management. A number of private equity firms were also hit, according to the report.
It remains unclear who was behind the attacks, how the intrusion attempts were carried out, or whether any sensitive data was exposed. The people cited by Bloomberg asked not to be identified because the information was not public.
The incident has renewed attention on cybersecurity risks at financial institutions. As asset managers become more dependent on complex information systems, algorithmic trading, and cloud infrastructure, the financial sector is drawing closer scrutiny from cyber attackers.
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