The Privacy Commissioner, Karen Curtis, has embarrassed Communications Minister Stephen Conroy by playing down the seriousness of Google’s Wi-Fi spying bungle. Authorities all over the world are investigating Google, including the Australian privacy watchdog and Australian Federal Police, for sucking up 600GB of “payload data” from unsecured wireless networks over several years while taking pictures [...]

Continue reading...

P&G Stock Down By 20%, Accenture Hits 1 Cent: Computer Glitch? Stock Market Today: Why did the Proctor and Gamble (P&G) stock price drop? In a was a crazy ride for the NYSE and Dow Jones today, Proctor and Gamble (P&G) stock dropped suddenly by 20% in almost 5 minutes fueling a massive drop in [...]

Continue reading...

Bogus invoices got IT chief $1.75m By KERRY WILLIAMSON – The Dominion Post A conman who lied on his CV to get a job, went on to rip off the firm for more than $1.75 million. Trevor Uialatea Esera admitted creating hundreds of fake invoices while in charge of Rinnai New Zealand’s IT department, funnelling [...]

Continue reading...

A City lawyer defrauded the bank she worked for of more than £7 million to bankroll a friend’s failing airline, a court was told yesterday. Kate Johns conned colleagues at the Japanese bank Tokyo Mitsubishi into authorising false letters of credit. She then deposited the money in the airline’s accounts, for which she received gifts [...]

Continue reading...

Tuesday October 6, 2009 EUGENE MAHALINGAM PETALING JAYA: A foreign brokerage is believed to have incurred a costly mistake of over RM500,000 after keying in an erroneous order for Kuala Lumpur Kepong Bhd (KLK) shares late yesterday. The “error”, which was relayed to Bursa Malaysia with a request for cancellation of trade was, however, turned [...]

Continue reading...

From NZ Herald Online – 1st September 2009 ASB Bank said it had detected a serious case of fraud by an investment advisor providing advice to customers “involving several million dollars.” ASB said the offending involved 22 customers, who had been identified and received restitution where irregularities had been confirmed. “We will continue to work [...]

Continue reading...

News from the BBC regarding the fraud at Chelsea Building Society. Is this a case of operational risk, as defined by the Basel II Principles of Operation Risk? http://news.bbc.co.uk/2/hi/business/8213504.stm

Continue reading...