Title :
Computer Fraud and Ethics: The Societe Generale´s Trading Fraud
Author :
Lim, Jessica ; Ng Kah Hwa
Author_Institution :
Sch. of Electr. & Electron. Eng., Nanyang Technol. Univ., Singapore, Singapore
Abstract :
Computer crime is a problem that continues to increase across the world. In this paper, we use a recent case of computer fraud by a rogue trader in Societe Generale, a French bank, to examine how the fraud was committed. We then discuss how to improve the risk control systems. Even with an improved risk control systems and strengthening of computer security systems, computer fraud cannot be prevented. Good computer ethics and ethical behaviour are needed. We conclude with proposals for mitigating this people risk.
Keywords :
banking; computer crime; ethical aspects; fraud; risk management; security of data; French bank; Societe Generale trading fraud; computer crime; computer fraud; computer security systems; ethics; risk control systems; rogue trader; Computer security; Computers; Control systems; Ethics; Helium; Portfolios; Risk management;
Conference_Titel :
Computer and Management (CAMAN), 2011 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-9282-4
DOI :
10.1109/CAMAN.2011.5778803
