Hedge-Fund Hackers Disrupting Trades for Profits, BAE Says

Hackers disrupted high-speed trading at a large hedge fund and rerouted data that might be used to make money in rogue stock-market transactions, a security official with BAE Systems Plc said.

The attack was going on for eight weeks and BAE was called in by the fund at the end of 2013, said Paul Henninger, global product director for BAE Systems Applied Intelligence. He said it had “all the signatures of an organized crime attack.”