Wednesday, October 7, 2015

Bank Employee Stole $112K from Customer Accounts

While working as a financial representative at a Connecticut bank from January 2012 to February 2013 an employee stole $112,000 from customer accounts.

Starting in December 2012 and until about May 2013 he identified accounts that had little activity and would transfer funds from those accounts to he believed to be dormant or to accounts he directly controlled.

"While employed at the bank, [he] identified accounts that had little banking activity."
- US Attorney's Office, District of Connecticut
It is unclear why the thefts took place for over a year. Organizations seeking to proactively detect inappropriate access to customer data, even when it occurs only once, can utilize identity and activity analytics services.
Learn how to proactively detect identity theft and unauthorized breaches of data privacy, even by authorized users - with no hardware and no on-site software.
Sources:
(a) Bank Employee Sentenced to 18 Months in Prison for Stealing More Than $100K from Customer Accounts - www.DOJ.gov, 10/02/2015

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