220px-BernardMadoffSecurities Industry News has a fascinating analysis of how Bernie Madoff’s systems and technology made the billion-dollar crime possible.

This is fascinating tale of how the preservation of legacy technology enabled someone to commit a huge crime by creating systems that didn’t disrupt the status quo.

But it’s more than that. It’s also a cautionary tale to information technology managers and executives at shops up and down Wall Street. If you think something is amiss, don’t let it rest. Do your own investigation. Before the company you work for turns out to be missing as well.

 

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