Reply #26: SEC case prompts funds to sweep for bugs

[Demeter]

Hedge fund managers are hiring security firms to sweep their offices and homes for listening devices, security experts say, in reaction to the US government’s insider trading investigations.

“Over the past six months, there has been a really heightened interest in electronic sweeps for hedge funds,” said Christopher Falkenberg, founder of Insite Security, a security and risk management firm in New York. “They’re working harder at clamping down on their information security and making sure the telephones are secured and the offices aren’t being bugged. We’ve also been asked to sweep traders’homes.”

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http://link.ft.com/r/DHGUVV/EWCBF4/204L2/EW0GYN/GKO66J/D5/t?a1=2011&a2=2&a3=21

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