Incisive Views from Professionals
By Hedge Fund Insight staff A hedge fund based in Sydney Australia has been the victim of a cyber attack that ultimately put it out of business. The rogue software was delivered via a Zoom invitation. Fake invoices were sent to the fund’s trustee and fund administrator leading to payments totaling $8.7m. Levitas Capital was […] Read more »
From TransWorldCom According to the Financial Conduct Authority, the UK saw a fivefold increase in data breaches in 2018 compared to the year before: Companies reported 145 breaches last year, compared to only 25 in 2017 In April 2018, seven retail UK banks, including Royal Bank of Scotland, Santander, Barclays and Tesco Bank had to shut […] Read more »