Malicious Insiders Causing Havoc at Financial Institutions

The SANS institute (www.sans.org) posted these two blurbs that caught my attention regarding threats from the inside.

–Bank Employee Draws 39-Month Sentence in Theft Scheme (May 25, 2009) A former bank employee has been sentenced to more than three years in jail for attempting to steal GBP 1.2 million (US $1.9 million) from his employers. Ansir Khan exploited his position at the Carter Allen Private Bank in Sheffield, UK, to steal customer account information and shared it with his accomplices. In just over one year, between April 2005 and May 2006, the gang stole more than GBP 700,000 (US $1.1 million). A police raid on Khan’s home turned up the stolen information written in code; a detective constable was able to crack the code.
Eleven other people were also sentenced for their roles in the scheme.

–Guilty Plea on Online Brokerage Account Fraud (May 21 & 22, 2009) Michael Largent of California has pleaded guilty to wire fraud and computer fraud charges for a scheme in which he opened thousands of phony online brokerage accounts and amassed thousands of dollars from the micro-deposits the companies made to test the authenticity of the accounts. Largent conducted his scam between November 2007 and May 2008.