The warnings to banks and other corporations about the threat posed from insiders have been heralded for years.  A recent study found that:

70 percent of financial institutions saying they have experienced a case of data theft by one of their employees in the past 12 months

This is obviously a huge deal.  The article points out that the thefts occur most often with full-time employees who often had every intention of repaying the stolen assets.

The study also found that

nearly half of the banks in the Actimize survey say they are losing 1 to 4 percent of their total revenues to insider fraud

and the biggest challenges to meeting the threat are:

1. cost/expense (67 percent),
   
2. data availability/access (55.77 percent),
   
3. availability of tools (46 percent),
   
4. general resources/priorities (46 percent).

The good news for the banks and corporation is that we provide a very cost effective, innovative service which directly addresses this threat.  Find out more by contacting us…it will make a difference at your bank or company.

via Bankers Gone Bad: Financial Crisis Making The Threat Worse – DarkReading.