BEWARE THE INSIDE JOB by ProQuest

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Insider data breaches, already a larger issue for banks than for companies in other industries, are on the rise as desperate, disgruntled, and recently departed employees use their access to steal sensitive information for personal gain or just to wreak havoc. According to the nonprofit Identity Theft Resource Center (ITRC) in San Diego, reports of US data breaches in general increased 47% in 2008 from the previous year; breaches from data theft by employees doubled to nearly 16%. At banks, the chances of a data breach being an inside job are even greater: Nearly one-quarter (24%) of all financial institutions' data breaches in 2008 involved employees.

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