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BAE Retracts Hedge Fund Cyberattack Allegation

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Mani
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BAE Systems PLC (ADR) (OTCMKTS:BAESY) (LON:BA) clarified Wednesday that its executive Paul Henninger had “incorrectly presented” an alleged cyberhacking incident involving a hedge fund.

BAE Retracts Hedge Fund Cyberattack Allegation

In an interview in June, Paul Henninger said the cyberattack was having a material impact on the performance across the portfolio.

Alleged attack on hedge fund

Last month, it was reported that cybercriminals managed to install a malicious computer program on the servers of a well-known hedge fund, interrupting high-speed trading and sending information about its trades to unknown parties late last year.

In his interview with CNBC, Paul...

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports