SecuriTeam Blogs » Madoff, insiders, internal controls, and fraud

Madoff, insiders, internal controls, and fraud

January 7th, 2009 by p1, Filed under: Commentary, Culture, Corporate Security, Insider Threat

The Madoff story is extremely interesting, for a number of reasons. However, primarily, the tales now coming to light of ongoing suspicions and investigations (such as this Wall Street Journal piece) point out the weaknesses and limitations of audit and internal controls in controlling insider attacks and fraud.