Beware the bank IT worker

We've noted often over on FierceComplianceIT that while external threats garner the most media attention, the most pressing threats to a company often come from insiders. This is something that most compliance pros get, but it seems especially true in the financial services industry and warrants a reminder.

The latest example comes from Bank of New York Mellon (BK), where computer technician Adeniyi Adeyemi was charged with stealing the personal information of dozens of his Bank of New York Mellon employees, mainly in the IT department. According to Finextra, he allegedly opened more than 30 "dummy" bank and brokerage accounts with firms such as E*Trade, Fidelity, Citi (C), Wachovia (WFC), and Washington Mutual. He then used these accounts to accept funds stolen from various charities and other BNY Mellon employees. We hear a lot about programmers out for code and rogue traders aiming for big-kill trades, but rank and file IT workers may have these skills as well. No point in tempting them with game-able systems. 

For more:
- here's the article

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