BAE Retracts Hedge Fund Cyberattack Allegation

BAE Systems PLC (ADR) (OTCMKTS:BAESY) (LON:BA) clarified Wednesday that its executive Paul Henninger had “incorrectly presented” an alleged cyberhacking incident involving a hedge fund. In an interview in June, Paul Henninger said the cyberattack was having a material impact on the performance across the portfolio. Alleged attack on hedge fund Last month, it was reported that cybercriminals managed to install a malicious computer program on the servers of a well-known hedge fund, interrupting high-speed trading and sending information about its trades to unknown parties late last year. In his interview with CNBC, Paul Henninger, global product director at BAE Systems Applied…