The big, external breaches get the headlines, but the insider crimes are doing significant financial damage, says Tim Ryan of Kroll Advisory Solutions. How can organizations address the insider threat?
Two new insider fraud cases showcase the challenges organizations face to detect and prevent crimes by trusted employees. "You need IT controls, but you need more than IT," says researcher Randy Trzeciak.
The answer seems obvious, especially in the context of IT security and information risk. Yet, is it, especially when developing codes and standards, as well as funding research and development initiatives that involve taxpayer money?
Former FBI cyber unit chief Tim Ryan sees mounting dangers from the insider, acknowledging undiscerning employees who don't follow proper processes can cause devastation. But he says the actions of those with malicious intent can be more catastrophic.
A wave of distributed denial of service attacks on banks raises the question: Should the owners of the nation's critical information infrastructure, when assessing risk, be held to a higher standard because society relies on them to function?
Insider fraud schemes at three banks in Minnesota, Texas and California illustrate just how difficult it is for institutions to thwart inside jobs. So what steps should banks take to mitigate their risk?
An attorney, mortgage broker, loan processor and loan originator have been indicted for the roles they allegedly played in a fraud scheme involving at least 35 mortgage loans worth more than $16.2 million.