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Insider at Cal Water Steals $9M and Runs

California Water Services Company auditor allegedly used his still active key card to get into secured facilities where he used to work. He then allegedly gained access to computers belonging to two senior executives in two separate buildings at the utility to initiate and confirm three wire transfers totaling more than $9 million, to an account in Qatar. The money itself, however, has since been recovered. Security analysts say insiders pose a bigger, though often underestimated, threat to corporate assets than external attackers. A recent survey by SailPoint Technologies of 125 large companies found that eight out of 10 of the businesses were concerned about insider threats.”]

Source: https://www.csoonline.com/article/2124031/insider-at-cal-water-steals–9m-and-runs.html

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