DOJ: Cyber extortionists targeting hedge funds

Kaja Whitehouse reports:

The government is working with “several” hedge funds that have been victims of cyber extortionists, said John Carlin, head of the Justice Department’s National Security Division.

Carlin made the comments Friday at the SALT hedge fund conference in Las Vegas, where he came to warn the crowd, made up of hedge fund professionals, that cyber criminals are out to steal their information, their corporate secrets and their money.

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