Societe Generale: Lessons Learned on the Insider Threat

It was the scandal that rocked the banking world. French Bank Societe Generale recently revealed details of a disaster created by a rogue insider who cost the institution $7.2 billion in fraudulent trades. It was the biggest such scandal in history. We recently spoke with Linda Najim and Jason Gaswirth of Diamond Management & Technology Consultants, authors of a new report, "Notes on a Scandal: Lessons in Operational Risk Management from Societe Generale." Listen to this interview for insights on: How Soc Gen happened; Why it can happen again; How the fraud could have been prevented; Actions institutions can take to prevent such crimes in the future.