Politico – CNBC and BAE Systems are abruptly retracting a June report describing a previously undisclosed “audacious and sophisticated attack” against a large hedge fund that supposedly crippled the fund’s high-speed trading and stole data.
Paul Henninger, a global product director for BAE Systems Applied Intelligence, disclosed the attack in an exclusive interview with cable network station CNBC in June. BAE now acknowledges the error, telling CNBC that Henninger described an “anonymized illustrative scenario” rather than actual events during his appearance.
