A former commodities investor client of SS&C Technologies has sued the Wall Street technology firm for allegedly falling for a phishing scam by China hackers, according toCNBC last week. Tillage Commodities Fund claimed SS&C Technologies wired almost $6m of its funds to the hackers back in March and the email scam has taken it offline temporarily. Tillage alleges SS&C Technologies, its fund administrator, ignored its own protocol, resulting in the lost funds. Tillage stated in a lawsuit that staff at SS&C failed to “exercise even a modicum of care and responsibility in connection with known and obvious cybersecurity threats.”
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ORIGINAL SOURCE: Hacked.com
