Several major Wall Street firms have been hit with a wave of sophisticated cyberattacks using voice phishing, or 'vishing' to trick employees into revealing sensitive information or granting access, Bloomberg reports.
Crash Override gets his ass handed to him by Acid Burn (Hackers)The attacks targeted some of the world's largest hedge funds - including Citadel, Point72, and Two Sigma Investments, along with several private equity firms.
Two Sigma, which manages $75 billion, says they were able to thwart the attacks.
"Our security team responded quickly to an attempted vishing campaign targeting Two Sigma and other investment managers, and we have no indication of any impact to our data or our systems," a spokesperson told BBG. "We continue to monitor the situation closely."
While we don't know if the hackers used AI, cybersecurity attacks targeting Wall Street firms have surged over the past year, as artificial intelligence tools allow for cheap, fast, and efficient attacks according to Align Managed Services president, Vinod Paul.
"Before they could attack 50 entities in a targeted attack, now they can do 1,000," said Paul. "Hackers can also listen into a phone call and mimic the voice, tone and phrasings of the speakers to create fake calls."
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