Red flag Friday - IT access

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It’s #redflag Friday. Each Friday, I will share a specific indicator to be on the lookout for fraud, waste, corruption, or other misconduct. 

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Part three of information technology and #fraud. 


IT professionals have unprecedented access to information, which they can misuse. For a two year period, one IT manager used his position and access to obtain confidential information and exploited market-moving stock recommendations prior to their release to paying subscribers.  The IT manager then traded on them before they became public and was able to obtain significant profits unavailable to other market participants.  These total gains included at least $3.5 million. What information is so sensitive that its access should be tracked and logged? Have you audited your system logs lately? What unusual or odd patterns can emerge? And who is the independent party who can help determine if there is (or could be) a problem?


#compliance   #fraudawareness 

#fraudprevention #oversight 

#publicintegrity #fraudsandscams 

 #oig #cigie #inspectorsgeneral 

 #investigation #redflagfriday 

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