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Managing Risks in Digital Transformation
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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
We can extend the message from the preceding quote to risks that an organization is exposed to and try to understand how one scenario can be completely different from another.A risky employee is risky for a company or...
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