Major Hedge Funds Targeted in Wave of Attempted Cyberattacks
Hackers used vishing and AI voice mimicry to target firms overseeing trillions of dollars in assets, Bloomberg News reported.
- On Wednesday, hackers launched a coordinated wave of attacks against major hedge funds including Two Sigma Investments, Citadel, and Point72 Asset Management, using AI-generated voice phishing to trick employees into granting system access.
- Modern AI systems have "commoditized" hacking skills, allowing bad actors to scale operations from 50 to 1,000 targets, said Will Wilson, CEO of IT security firm Antithesis. He warned, "Everybody will have to seriously level up."
- Attackers use technology to replicate voice, tone, and phrasing in phone calls to deceive staff. Two Sigma confirmed it thwarted an attempt, while Point72 and Citadel declined to comment on whether systems were breached.
- The Financial Industry Regulatory Authority is coordinating industry responses through its Financial Intelligence Fusion Center, a secure portal launched in March for member firms to share fraud intelligence and threat data.
- AI-Powered cyberattacks have surged over the past year as cheap, scalable tools make professional services firms increasingly vulnerable to deepfake-driven fraud attempts targeting trillions in daily Wall Street transactions.
31 Articles
31 Articles
Wall Street's Biggest Hedge Funds Didn't Get Hacked, but AI Voice Clones Came Alarmingly Close
Employees at some of Wall Street's largest hedge funds recently picked up phone calls that sounded as if they were coming from trusted colleagues at the very top of their firms. The voices were convincing. The requests were routine. Yet the callers were not co-workers at all, but artificial intelligence voice clones allegedly trying to trick staff into handing over access to some of the financial industry's most sensitive systems. The attempted …
Wall Street under cyber siege as major financial firms face attacks
Wall Street financial firms and money managers were targeted by hackers in a sophisticated attack, according to reports that cited people familiar with the matter. Some of the world’s largest hedge funds along with several private equity firms were targeted, the sources said. The hacking attempts involve featured phone calls in which cybercriminals tried to trick employees into granting them access or handing over other sensitive information.…
Hedge fund cyberattacks tied to BlackFile-linked UNC6671 extortion group
A recent wave of cyberattacks targeting hedge funds, private-equity firms, and other financial organizations has been linked to UNC6671, an extortion group reportedly associated with the BlackFile threat actors.
The Japan Times
Major hedge funds targeted in wave of attempted cyberattacks
Cybersecurity breaches on Wall Street have surged over the past year, as artificial intelligence tools help bad actors launch attacks relatively cheaply and broadly.
Major Wall Street firms targeted in attempted cyberattacks, sources say
Major Wall Street financial firms faced sophisticated cyberattacks recently. Hackers used phone calls to trick employees into granting access. Several large hedge funds and private equity firms were targeted by these attempts. Point72 Asset Management confirmed an attack but stated no customer data was stolen. Global companies are now battling a surge in AI-powered cyber threats.
Coverage Details
Bias Distribution
- 45% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
