An employee at a French bank allegedly used his inside knowledge of business processes to bypass the systems and
make roughly $73 billion in bogus trades that cost the bank more than $7 billion to unwind. Findings from the U.S. Secret Service and its examination of 23 incidents conducted by 26 insiders determined that 70 percent of the time, insiders took advantage of failures in business process rules and authorization mechanisms to steal from the company. Seventy Eight percent of the time, insiders were authorized and active computer users, and a surprising 43 percent used their own username and passwords to commit their crime. This is a daunting reminder that every employee has the potential to become a knowledgeable insider, and if they ever turned bad in a fraudulent, criminal, even destructive way, they could do tremendous damage to your company. What if the person sitting in the cube next to you was running a scam that cost your company $7 billion?
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