Fergie's Tech Blog

NYT: The Sniffer vs. the Cybercrooks

Gary Rivlin writes in The New York Times (obnoxious, but free, registration required):

THE investment bank, despite billions in annual revenue and the small squadron of former police, military and security officers on its payroll, was no match for Mark Seiden.

"Tell me the things you most want to keep secret," Mr. Seiden challenged a top executive at the bank a few years back. The executive listed two. One involved the true identities of clients negotiating deals so hush-hush that even people inside the bank referred to them by using a code name. The other was the financial details of those mergers and acquisitions.

A week later, Mr. Seiden again sat in this man's office in Manhattan, in possession of both supposedly guarded secrets. As a bonus, he also had in hand a pilfered batch of keys that would give him entry into this company's offices scattered around the globe, photocopies of the floor plans for each office and a suitcase stuffed with backup tapes that would have allowed him to replicate all the files on the bank's computer system.

posted by Fergie @ 7/31/2005 11:43:00 AM