This content is from:xinyabo体育
How Computer Hackers Could Destroy a Hedge Fund
Studies find only half of all large hedge funds have effective safeguards against a cyber attack, but the SEC is spreading the word.
The chief financial officer of a multibillion-dollar hedge fund firm logged into his computer early one morning and noticed that the company’s accounts included a large volume of transactions requiring money to be wired to a bank in Cyprus — not something the fund’s portfolio managers normally did. Thinking the
To continue reading,subscribe nowto Premium Journalism. Already a subscriber?Login.