Jerome Kerviel, a 31-year-old futures trader, faces charges of fraud and unauthorized computer activity. Societe Generale alleges he hacked computers and “combined several fraudulent methods” to build up positions worth $73.53 billion. U.S. banking officials scrambling to ensure the security of their own systems – and the checks and balances that should tip off an inside fraud before it results in such catastrophic losses. The largest single fraud prior to this fraud was the Barings Bank loss of $1.3 billion.”]
Source: https://www.cuinfosecurity.com/72-billion-bank-fraud-could-happen-here-a-685