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. Security vendor Kroll reports that it has recently investigated three incidents involving hackers stealing such algorithms. It’s not clear if there’s been a surge in algorithm-targeting hacks, but it’s also unclear whether attacks have been launched by hackers that want to extort targeted firms.”]
Source: https://www.databreachtoday.com/hackers-steal-trading-algorithms-a-7949