http://www.timesonline.co.uk/article/0,,630-359176,00.html city diary by Martin Waller July 18, 2002 A RIVAL bank has been hacking into the website on which UBS Warburg stores information on derivatives trading for its staff and using this unauthorised information to assess their own market positions. It seems someone exited the Swiss-owned bank while still in possession of the relevant passwords. I know which bank is implicated, but I am not going to name it, except to say that the place has seen a lot of departures recently. The activity in question is not illegal, merely a way of saving money, but it is potentially dangerous. You are using unchecked data to assess what your trading operation is worth, a move that may not be appreciated by your compliance people or the auditors. UBS tells me: "We take IT security very seriously. We’re currently looking into your comments." [...] city.diaryat_private - ISN is currently hosted by Attrition.org To unsubscribe email majordomoat_private with 'unsubscribe isn' in the BODY of the mail.
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