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FintechDecember 4 2006

The enemy within

Companies that focus on external criminals attempting to steal their intellectual property assets are looking in the wrong direction. More often, the culprits are inside the firewall. Kazuhiko Adachi explains how to guard against internal threats.
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Whatever value your company has, you can be sure someone is trying to steal it. They are trying right now, as you read this. Doubtless you are aware of that reality – you have security in place, staff assigned to protect data, perhaps even a strong intrusion-detection system to prevent unwanted interlopers from poking about your files, electronically or otherwise.

But the chances are that the criminals trying to break in to your company are the least of your concerns. Fraudulent activity is on the rise, to be sure, but the most rampant segment of fraud is being perpetrated by insiders – your own employees.

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