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Experts Comment on Cyberattacks Targeting Fund Trading Algorithms

Reports are emerging that cyber criminals are attacking and stealing in-house trading algorithms/code. Security company Kroll has observed three recent cases, said Ernest Hilbert, head of cyber investigations for Europe, the Middle East and Africa. Underground markets and bitcoin are helping to establish marketplaces where white collar criminals and hackers mingle and do business, something we have not seen before at this scale. In the right hands can provide a trader or competitor information that will give them an edge over other groups. It is weightless and without physical dimension yet specific information can, in the right context, be monetized effectively.”]

Source: https://informationsecuritybuzz.com/news/experts-comment-on-cyberattacks-targeting-fund-trading-algorithms/

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