72% of Banks Say Their Employees Committed Fraud 272
yahoi writes "The financial crisis appears to be exacerbating fraud by bank employees: a new survey found that 72 percent of financial institutions say that in the last 12 months they have experienced a case of data theft by one of their workers. Meanwhile, most banks don't want to talk about the insider threat problem and remain in denial, says a former Wachovia Bank executive who handled insider fraud incidents at the bank and has co-authored a new book called Insidious — How Trusted Employees Steal Millions and Why It's So Hard for Banks to Stop Them that investigates several real-world insider fraud cases at banks." The article dispels one assumption that might commonly be made about such insider fraud: "Interestingly, it's not the stereotypical offshore or outsourced employee who's most risky to their organizations. Nearly 70 percent of financial institutions say their full-time employees are most likely to pose an insider fraud threat..." Technology workers placed third in the roster of the job categories most abused.
Seems low (Score:5, Funny)
Is that not counting executives?
Stapler (Score:5, Funny)
Re:Seems low (Score:1, Funny)
Dr. Zoidberg: Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor.
be positive ! (Score:3, Funny)
"72% of Banks Say Their Employees Committed Fraud"
is much better than
"Banks Say 72% of Their Employees Committed Fraud"
Re:Seems low (Score:5, Funny)
If shit gets that bad, I hope you're investing in bacon and not gold.
I'm Jewish you insensitive clod.
Re:Seems low (Score:4, Funny)
Re:Stapler (Score:1, Funny)