Major Wall Street hedge funds targeted in attempted cyberattacks, Bloomberg News reports

Major Wall Street hedge funds targeted in attempted cyberattacks, Bloomberg News reports

Aug 5 (Reuters) – Hackers attempted a series of sophisticated cyberattacks on major Wall Street money managers in recent days, ​targeting their information systems, Bloomberg News reported on ‌Wednesday, citing people familiar with the matter.

Some of the world’s largest hedge funds, including Two Sigma Investments, Citadel and ​Point72 Asset Management, along with several private equity ​firms, were targeted as part of the assault, ⁠the report said.

Attempts by hackers to break in ​to major financial institutions are routine.

According to the Bloomberg ​News report, the hacking attempts featured phone calls in which cybercriminals tried to trick employees into granting them access or handing ​over other sensitive information.

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The tactic remains widely used ​by hackers because of its effectiveness. It has been used successfully ‌by ⁠cybercriminal groups such as “Scattered Spider,” a loose-knit group of young hackers that has racked up a large roster of corporate victims over the past few years.

Citadel, ​Two Sigma, Balyasny ​and Millennium ⁠did not immediately respond to Reuters’ requests for comment, while Point72 declined to ​comment.

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