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10 of the worst moments in network security histor...
Trader run amok: Jan. 24, 2008 Societe Generale, the large French financial services firm, discloses that one of its low-level options traders, Jerome Kerviel, has committed stock fraud worth an astonishing US$7 billion, the largest in history traced to rogue trading . Kerviel placed huge bets in unauthorized trades and covered up his tracks with fake e-mail. In a case still playing out in the French legal system, the 31-year-old Kerviel has admitted to masterminding the scheme but is publically saying Societe Generale was "complacent" about his activities as long as his bets were winning.
10 of the worst moments in network security history