By Martin Smith
The consequences of an organisation falling victim to rogue insider behaviour were seen in no uncertain terms earlier this year, when news broke that Swiss banking giant UBS had uncovered unauthorised trading by a member of staff, producing losses – at the time of going to press – of some $2.3bn (£1.5bn). UBS was quick to assure its customers that “no client positions were affected” but confidence in the bank’s reputation was clearly harmed, judging by the immediate 7% fall in its shares.
