Hackers have been stealing the secret algorithms and tactics used by hedge funds and high-frequency trading firms, according to two security companies. Such algorithms can be the lifeblood of a financial firm, and are designed to take advantage of infinitesimal price discrepancies in the stock market that may only last for milliseconds. The security vendor Kroll reports that it has recently investigated three incidents involving hackers stealing such algorithms. By stealing firms’ secret algorithms, digital forensics experts say, attackers could attempt to extort the firms into buying them back again, or else risk news of the theft becoming public.”]
Source: https://www.bankinfosecurity.com/hackers-target-trading-algorithms-a-7949