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What can CISOs learn from the Societe Generale debacle

2008-02-19 09:17:17 by Khalid Kark in Security & Risk Management
 
...Jerome Kerviel lists Microsoft Office and Microsoft Visual Basic as his only IT-related skills. That is hardly the profile of a hacker Access restrictions must be implemented as people move within the organization. Access control processes are not implemented well in most organizations. Companies usually terminate access of employees who...
 
Tags: security, formal security strategy, societe generale, security technology, external security challenges, implement security, access, security products, access users
 
 
 
 
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The Fox and the Henhouse

2008-01-28 15:02:17 by Burton Group in Security and Risk Management Strategies Blog
 
...Jerome Kerviel Societe Generale's press release regarding the incident can be found here http://www.telegraph.co.uk/money/graphics/2008/01/24/socgen.pdf The details of the fraud are not yet completely clear, and uninformed speculation is not likely to be helpful. But the first paragraph of the bank¹s press release deserves comment Societe...
 
Tags: societe generale, societe generale begins, yesterday societe generale, societe generale appears, risk management lessons, risk management, risk management personnel, plain vanilla futures, apparently
 
 
 
 
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The Fox and the Henhouse

2008-01-28 15:02:17 by Burton Group in Security and Risk Management Strategies Blog
 
...Jerome Kerviel Societe Generale's press release regarding the incident can be found here http://www.telegraph.co.uk/money/graphics/2008/01/24/socgen.pdf The details of the fraud are not yet completely clear, and uninformed speculation is not likely to be helpful. But the first paragraph of the bank??s press release deserves comment Societe...
 
Tags: societe generale, societe generale begins, jerome kerviel, kerviel, yesterday societe generale, apparently, bank apparently, bank, prevent kerviel
 
 
 
 
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Let's Not Let the Security Staff Become the SocGen Scapegoat

2008-02-25 17:47:53 by Posted By: Jay Heiser, Research VP in IT Leaders - Security and Risk Management
 
...Jerome Kerviel to eventually bring the bank to its knees. Security product vendors are taking the opportunity to position their technology as being solutions that could have prevented this failure It is certainly the case that many forms of control technology can overcome human weakness. But at best, it is misguided to believe that...
 
Tags: failure, governance failure, management, risk management, technology failure, bank management, staff, security staff, technology
 
 
 
 
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Security Lessons Learned from Société Générale

2008-05-22 14:32:02 by Editor in IEEE Security and Privacy
 
The huge trading losses in 2007 and 2008 at Société Générale were caused by insider Jerome Kerviel's unauthorized actions. We can learn many lessons about the technological aspects of security from this insider attack, as well as some that we might hope to learn, but can't
 
Tags: insider jerome kerviel, lessons, technological aspects, insider attack, socit gnrale, security, actions, hope, losses
 
 
 
 
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The importance of key management

2008-08-22 12:56:00 by Manu Namboodiri in Data Protection, Management and Leakage
 
...Jerome Wendt I think there are two sides to the story here - while I agree that managing keys is important, I think this is something users SHOULD NOT be concerned about. This is something the vendors should be focused on solving and not leave it to end users to stumble over Key management is hard and it makes sense to solve it at the...
 
Tags: key management, implementation variances, users, product level, keys, equal importance, data protection, jerome wendt, stumble
 
 
 
 
 
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Sergey Zarubin, 31yo
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Moscow, Russia