Abacus in the News

Hedge Funds Face Up to Cyber Vulnerability

Abacus Group - Aug 18, 2014

Headlines deliver a jolt of reality; consultants, insurers and technology providers are at the ready with solutions

A June news report of a cyber attack against a large hedge fund and its sophisticated high-frequency trading strategies sent shivers through the alternative investments community.

 The facts, based on information from a security and intelligence consulting unit of U.K.-based BAE Systems, turned out to be overblown -BAE acknowledged it disseminated a "scenario" that was not an actual case study - but the warning did not lack for validity.

 

To read the full article please click on the below link.

Hedge Funds Face Up to Cyber Vulnerability

Topics: News

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