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September 17, 2011 11:05 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/kdwNQtrArCs/IT-Could-Have-Caught-2-Billion-Rogue-Trader
IT Could Have Caught $2 Billion Rogue Trader
superapecommando writes "With the benefit of hindsight, IT experts are claiming that technical countermeasures at Swiss bank UBS could have stopped rogue trader Kweku Adoboli running up a $2 billion loss." If American Express and Visa can mine transaction data and put a stop order on credit cards when you unexpectedly buy gas out of state, it seems like there could be patterns to watch for when the amounts are in the billions, too. 
Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/kdwNQtrArCs/IT-Could-Have-Caught-2-Billion-Rogue-Trader
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