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Point72, Citadel among hedge funds hit by AI vishing attacks
InvestmentNews • • business
Key Points:
- Several major Wall Street money managers, including Point72, Millennium Management, Two Sigma Investments, and Citadel, were targeted in recent AI-powered voice phishing (vishing) cyberattacks aimed at extracting sensitive employee data.
- Point72 confirmed the attack to investors but reported no client data was stolen, while Two Sigma successfully blocked the attempt; other firms declined to comment.
- Vishing attacks use AI technology to clone voices and trick employees into revealing credentials or system access, with FINRA actively coordinating threat intelligence sharing among member firms.
- Experts warn that AI has significantly lowered the cost and scale of cyberattacks, enabling hackers to target thousands of entities simultaneously with sophisticated voice mimicry.
- The recent attacks reflect a broader trend of increased AI-driven cyber threats against financial services and wealth management firms, coinciding with other high-profile breaches and ongoing efforts by US authorities to contain related cyber incidents.
