Managing Risks in Digital Transformation

9

Real Examples and Scenarios

The Guinness World Record for the largest bank robbery is held by Dar Es Salaam Investment Bank. It took place in Baghdad in July 2007 and the robbers made off with about $282 million in cash. It was widely reported to be an inside job, with two or three internal security guards suspected of being involved in the robbery. In hindsight, it seems apparent that only an insider with precise information could have planned such a high-value heist. But with foresight, what level of damage can such insiders inflict on a digitized banking environment? What, in your view, are the common ways in which a rogue insider can target a bank?

“All happy families are alike; each unhappy family is unhappy in its own way.”

- Leo Tolstoy ...