Cyber threat real for hedge funds

Under attack

computer security

Cyber-attacks are seldom out of the news, but media interest is typically focused on the more sensational, high-profile cases involving government and security agencies. Attacks on financial institutions are much less publicised. That was until November’s Waking Shark II exercise carried out by the Bank of England. 

Waking Shark II was a desktop exercise attempting to explore the effects of a major cyber event on the wholesale banking sector, designed to determine industry preparedness in the ba

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