Major Hedge Funds on Wall Street Hit by Wave of Sophisticated Cyberattacks

Summary

Major hedge funds on Wall Street, including Point72 Asset Management, Millennium Management, Two Sigma Investments, and Citadel, have been targeted in a wave of sophisticated cyberattacks using voice phishing (vishing). While some firms like Two Sigma reported thwarting the attempts, the incidents highlight a growing risk in the financial industry, exacerbated by AI tools making attacks cheaper and broader.