How Computer Hackers Could Destroy a Hedge Fund

Studies find only half of all large hedge funds have effective safeguards against a cyber attack, but the SEC is spreading the word.


The chief financial officer of a multibillion-dollar hedge fund firm logged into his computer early one morning and noticed that the company’s accounts included a large volume of transactions requiring money to be wired to a bank in Cyprus — not something the fund’s portfolio managers normally did.

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