Jun
16
Goldman Sachs: Every Hack Attack Is Making Hedge Funds A Little Richer
By
Not as effective as it used to be.
Hacking: Everyone’s doing it. The Chinese. TheIsraelis. The Russians. The St. Louis Cardinals. And hedge funds, which tend already to be highly sensitive to matters data security, have noticed. Specifically, they’ve noticed that the likes of the White House Office of Personnel Management, the IRS, luxury Swiss hotels, JPMorgan Chaseand the Houston Astros probably need to spend a few extra bucks on cyber-security, even if theydon’t know it yet.
According to a Goldman Sachs Group Inc. report out Friday, hedge funds own 7% of the median cyber-security firm compared to 4% of the median technology company and 3% of the typical S&P 500 stock…
Goldman Sachs: Every Hack Attack Is Making Hedge Funds A Little Richer
