Societe Generale Releases Breach Investigation Findings

From SANS Newsbites:

Societe Generale has released the findings of an investigation it conducted along with PricewaterhouseCoopers regarding the US $7 billion loss incurred as a result of surreptitious transactions conducted by trader Jerome Kerviel. According to the report, Kerviel's skill at evading "the system of checks and balances ... designed to prevent such overtrading" combined with his supervisor's lack of understanding of the system allowed the situation to go on for as long as it did.
-http://www.darkreading.com/document.asp?doc_id=155024&f_src=darkreading_info
rmationweek
[Editor's Note (Honan): I recommend that you read the report,
-http://www.efinancialnews.com/downloadfiles/2008/05/2350755836.pdf.