Cyber Attack Hits Prominent Hedge Fund, Endowment, and Foundation

OODA CTO Bob Gourley provides commentary for Institutional Investor on the latest attacks targeting wealth management offices.  At OODA, we’ve helped prevent and respond to these types of attacks for decades, so please contact us if you are in need of support.

“Business email compromise is one of the most costly and damning attacks today,” said Bob Gourley of cyber security firm OODA. For the victimized organizations, he warned that the attack isn’t over. “Given that it’s targeting executives at endowments, foundations, and hedge funds, the sender has probably done a lot of investigation beforehand. They’re going to try to trick decision-makers into sending money somewhere it isn’t supposed to be.”

https://www.institutionalinvestor.com/article/b1hqqxdl6pf03f/Cyber-Attack-Hits-Prominent-Hedge-Fund-Endowment-and-Foundation