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Varonis Systems (Deutschland) GmbH Kronstadter Str. 4 81677 München, Germany http://www.varonis.com
Contact Mr Bill Boyle +49 (2071) 832-840
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Varonis Systems (Deutschland) GmbH

Varonis says UBS rogue trader fiasco is a classic 'exceeding of authority' case

(PresseBox) (London, )
As reports that Swiss international banking giant UBS has been hit by a two billion dollar loss caused by the actions of an apparent rogue trader, data governance specialist Varonis Systems says that the fraud appears to be a classic case of an employee - in this case dramatically - exceeding his authority.

David Gibson, director of technical marketing and strategic accounts with the the provider of comprehensive data governance software, said that staff who exceed their authority often cause problems for their employers, partners, and customers of the business concerned.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.