Insider Fraud Suit: Example for Others?
Insider Accused of Stealing Details on Thousands of Accounts
by Tracy Kitten, Managing Editor
Source: Bank Info Security

Excerpt:
...Computershare, which provides investment services to more than 2,700 corporate clients and 15 million shareholders in the United States, has filed a civil suit against Kathyann Pace, a former internal risk management auditor. ...

Insider Fraud Mind Shift
Mike Braatz, senior vice president and general manager of bank fraud for Memento, a fraud-management software services provider, says the Computershare case represents a shift in corporate thinking about internal fraud.

"This is one case, but companies are getting more aggressive about seeking legal action against employees who compromise data," Braatz says. "I think we will see more lawsuits, because firms realize that a lone, rogue employee can do a lot of damage."

Companies no longer view malicious internal compromises as mere human-resources issues. "When the exposure involves customer information, firms are taking that very seriously," Braatz says.

Read full article at Bank Info Security

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