Hacked Sydney hedge fund part of $170m cyber crime spree

Hacked Sydney hedge fund part of $170m cyber crime spree

The $8.7 million cyber hit on Sydney hedge fund Levitas Capital was one of almost 2000 similar hacks over the past five months, according to federal government figures that show a doubling in this style of attack.

The spike in cyber crime has prompted the Australian Federal Police to establish “Operation Dolos” and team up with law-enforcement agencies in Europe, the UK and US to combat what is known as “Business Email Phishing”. source: afr.com