News Brief


In an audacious and sophisticated attack, cybercriminals acting in late 2013 installed a malicious computer program on the servers of a large hedge fund, crippling its high-speed trading strategy and sending information about its trades to unknown offsite computers, CNBC has learned.

The attack, which was thwarted this year by technicians at BAE Systems Applied Intelligence, has not been previously disclosed. It represents a new level of intrusions against some of the world’s most high-flying financial firms.

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