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Hedge Fund and Cybersecurity Firm Team Up to Short-Sell Device Maker | Tony Seruga
Sep
08

Hedge Fund and Cybersecurity Firm Team Up to Short-Sell Device Maker

By

Carson Block, an investor known for betting against, or shorting, companies’ stocks, said that he and MedSec had uncovered “troubling cybersecurity flaws” in St. Jude’s pacemakers. CreditMichael Nagle/Bloomberg

The cybersecurity firm behind a short-seller’s campaign against St. Jude Medical, a major manufacturer of pacemakers, has a curious operating history.

The firm, MedSec, says it has been around 18 months. But it was incorporated in the United States in Delaware just last month. Justine Bone, its chief executive, came on board two months ago.

And MedSec’s headquarters shares the same address as a virtual office in Miami that provides space to a number of companies…

Hedge Fund and Cybersecurity Firm Team Up to Short-Sell Device Maker

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