Inside crimes reap millions

Tuesday, 31 August 2004, 1:54 PM EST

The US Secret Service and security body Cert last week urged firms to tighten defences against employee-driven IT crime, after a two-year investigation provided extensive detail on staff fraud in the finance sector.

The investigation by the two organisations analysed breaches carried out by insiders between 1996 and 2002, involving sums of up to $691m. It found that 78 percent of thefts were carried out by authorised users with little technical know-how.

By Madeline Bennett at vnunet.

[ Read more ]




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