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Insider data theft costs Bank of America $10 million

Robert McMillan | May 25, 2011
A Bank of America insider who sold customer data to criminals cost the bank at least US$10 million in losses.

Companies have taken a special interest in the threat posed by disgruntled insiders, after all of the publicity surrounding WikiLeaks, said Kim Peretti, a director with PricewaterhouseCoopers Forensic Services practice. "We saw a lot of organizations wake up and hear the message that we've been saying for a very long time: That the insider threat is there," she said. Unfortunately, that spike in interest, "seems to be temporary," she added. "There's still a ways to go in addressing the insider threat as well as the data leakage problem."

Often leaks happen in the few months before a disgruntled employee leaves his job, Peretti said.

 

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