NO: Hackers strike world’s largest sovereign wealth fund
Chris Stokel-Walker reports:
It’s better known as being the world’s largest wealth fund, managing an estimated $1 trillion of assets created off the back of Norway’s vast oil reserves earning plenty of money on the markets. But Norfund is also the latest victim of a major cyberattack that has made the fund’s reserves a little lighter.
The fund has admitted that it has suffered what it calls “an advance data breach,” which has lost it $10 million of its cash reserves, equivalent to 100 million Norwegian kroner.
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