Banks to blacklist rogue workers in fraud fight
Joris Evers writes in C|Net News:
Major U.S. financial institutions are working to set up a new defense against insider fraud: a database of employees who are known to be scam risks.
Banks and similar organizations already run reference and background checks on new employees, but an extra security measure is needed, according to BITS, a consortium of 100 of the largest U.S. financial institutions, including JPMorgan Chase and Wachovia. The new database, announced Wednesday, will list information on employees at financial institutions who were fired because they compromised customer data or knowingly caused financial losses, the group said.
posted by Fergie @ 10/26/2005 01:46:00 PM
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