Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Cyber Security Experts See Hedge Funds as Targets for Hackers Cyber Security Experts See Hedge Funds as Targets for Hackers

NEXT :
This ad will end in seconds
 
Close X

Not a member or subscriber? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

Document Library

Cyber Security Experts See Hedge Funds as Targets for Hackers

Issued By
June 24, 2014

Posted on June 24, 2014

U.S. hedge funds are seen by cyber security experts as targets for a global network of hackers and cyber-attacks, according to a recent article from Bloomberg Businessweek.  Dozens of banks, hedge funds, law firms, and other financial companies have seen attacks in recent years from hackers, mostly in Eastern European countries.

"Firms are intently focused on identifying emerging threats and employing the newest, best mitigation techniques," Richard Baker, President and CEO of MFA, told Businessweek.  He noted that a number of firms have made "sizable resource commitments" toward network safety.

 

"In all, the global market for network-intrusion detection and prevention equipment and services is estimated at $95.6 billion in 2014 and expected to reach $155.7 billion by 2019, according to the Dallas research company MarketsandMarkets," Businessweek reported.

A bigger concern that several experts noted in the article is the access that many hackers have gained in the recent past.  One said that the entry gained could be enough to disrupt networks that underpin the global financial system, with the potential to sever connections and bring down networks.

Read more about cyber security and hedge funds from Bloomberg Businessweek.

distributed by noodls logo

This document was issued by MFA - Managed Funds Association and was initially posted at www.managedfunds.org. It was distributed, unedited and unaltered, by noodls on 2014-06-24 22:31:41. The original document issuer is solely responsible for the accuracy of the information contained therein.

Search the document library
What's This?
X
What's This?

The new National Journal Document Library is a collection of research reports, testimony, white papers and press releases regularly updated from hundreds of sources including governmental agencies, global think tanks, trade associations, academic institutions and companies. National Journal Members have full access to the Document Libraryfull access to the Document Library and its advanced search and alerting features. Non-members can access up to five documents per month.

Job Board
Search Jobs
Land Management Intern
American Society of Civil Engineers | Newark, CA
Civil or Mechanical Engineering Co-op Summer - Fall 2014
American Society of Civil Engineers | St. Louis, MO
Administrative Assistant
American Society of Civil Engineers | Cleveland, OH
Part-Time Quality Intern
American Society of Civil Engineers | Fort Smith, AR
PRODUCT REVIEW ENGINEER
American Society of Civil Engineers | CA
Process Engineering Co-op
American Society of Civil Engineers | Conshohocken, PA
International Business Development Coordinator
American Society of Civil Engineers | Farmington Hills, MI
Electrical Intern/Co-op - Aviation Facilities
American Society of Civil Engineers | Philadelphia, PA
Transportation Engineering Graduate Student Intern
American Society of Civil Engineers | Oakland, CA
Certification Administrator
American Society of Civil Engineers | Durham, NC
Technical Manager
American Society of Civil Engineers | Elk Grove Village, IL
Water-Based System Technician- NICET Level II
American Society of Civil Engineers | Killeen, TX
Chief Geoscientist
American Society of Civil Engineers
Biotechnology Team Advisor
American Society of Civil Engineers
Fire Alarm System Technician, NICET Level II
American Society of Civil Engineers | Killeen, TX
 
Comments
comments powered by Disqus