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The Threat from Within

Employees are the most vulnerable point in any organization’s computer network, but many companies fail to pay enough attention to this risk.

CNA's Larry Lidz, Chief Information Security Officer; and Andy lea, Vice President, Underwriting for E&O, Media and Cyber; are featured in "The Threat from Within," published by Risk & Insurance. Risk & Insurance covers the people, stories and risks that embody the essential functions of risk management and commercial insurance.

The Threat from Within
By Anne Freedman, Risk & Insurance

On May 21, 2014, the accounting director at AFGlobal Corp. in Texas read an email from his CEO asking him to work with the attorney for an outside auditor in "a strictly confidential financial operation."

The attorney soon contacted the accounting director and said that $480,000 was needed for due diligence costs pursuant to a pending acquisition of a Chinese company. The attorney sent an email with the wiring instructions, which the director followed.

About a week later, the attorney requested $18 million, at which point, the accounting director became suspicious and told his supervisors.

Continue reading the full article published by Risk & Insurance.

This material is reprinted with permission from Risk & Insurance© 2017. All rights reserved.