MAJOR HEDGE FUNDS TARGETED IN WAVE OF ATTEMPTED CYBERATTACKS
Major hedge funds including Citadel, Point72 and Two Sigma were targeted in a wave of sophisticated cyberattacks using AI-powered voice phishing (vishing) to trick employees into granting system access.
Two Sigma said it successfully blocked the attack and found no evidence of a breach.
Cybersecurity experts warn AI is making large-scale attacks cheaper and easier, raising risks across the financial industry.
@smartertrader It means Micron believes customers want to buy more memory than the industry can produce for at least the next couple of years. Higher pricing power-
Better margins -Strong revenue visibility -Longer AI spending cycle
they’re moving beyond survival mode