Source:
Summary
Several major hedge funds, including Point72 Asset Management, Millennium Management, Two Sigma Investments, and Citadel, have been targeted in a wave of sophisticated cyberattacks. The attacks featured voice phishing, or “vishing,” where hackers use technology to mimic voices in phone calls or messages to trick employees into revealing sensitive information. Two Sigma reported that it thwarted the attempt to access sensitive data, while Point72 informed investors that it was reviewing the incident. The attacks have raised concerns about the growing risk of scammers or rogue states using cutting-edge technologies to scale up attacks.
Our Reading
The numbers tell one story.
Point72, Millennium, and Two Sigma are among the hedge funds targeted in the wave of attempted cyberattacks.
Two Sigma reported that it thwarted the attempt to access sensitive data.
The attacks featured voice phishing, or “vishing,” a technique that uses technology to mimic voices in phone calls or messages.
“Everybody will have to seriously level up. Otherwise they are going to be in big trouble.”
Author: Evan Null
