Sysadmin breaks the bank

Another reason why the people inside the firewall matter more when it comes to security than the people outside the firewall. Earlier this year, Roger Duronio quit his job at PaineWebber. Shortly thereafter, he set off a logic bomb that he had been working on since November in the previous year on 10,000 desks at the firm (evidently trying to manipulate the stock price of the company). While these figures are almost a couple of orders of magnitude greater than the actual value, the government claims the cost to PaineWebber was $3 million. (NorthJersey.com and Star-Ledger. Note that the second story is headlined “Investment Exec” but he was just a Senior Sysadmin.)

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