http://www.bloomberg.com/news/2014-07-02/bae-says-hedge-fund-attack-on-hedge-fund-wasn-t-real.html
By Chris Strohm
Bloomberg.com
July 2, 2014
The hacking attack on a hedge fund that was described by a security
official with BAE Systems Plc (BA/) last month wasn’t real, a company
spokeswoman said.
The attack was one of several “illustrative scenarios” that BAE internally
developed and was “incorrectly presented” as authentic, Natasha Davies, a
company spokeswoman, said in a telephone interview today. The company,
based in London, sells network security services to government and
corporate clients.
The notion of a serious hacking attack on a hedge fund fueled questions
about network security at financial institutions and helped lead to the
creation of a new group to promote computer security within the banking
industry.
Paul Henninger, global product director for BAE Systems Applied
Intelligence, said June 19 that hackers successfully inserted malicious
software that delayed by several hundred microseconds a large, unnamed
hedge fund’s order-entry system. Henninger said the hackers also rerouted
data that might be used to make money in rogue stock-market transactions.
[...]
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