JAN 13, 2014 1:42pm ET

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Poor Data Management Blinded Chase to Madoff Fraud: WSJ


Data locked in silos and the lack of a common customer identifier that could link accounts were to blame for JPMorgan Chase's failure to identify Bernard Madoff's massive fraud, according to an article in Wednesday's Wall Street Journal.

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Comments (1)
Part of any data fraud - or any legacy system failure really, is that blatant disregard for red flags, and the faith that they are above a breach. Data breach and security threats are a reality. It all starts with best practices, critical data security measures (bit.ly/1u5uoa6) and admitting to the fact that internet security threats are an awareness, an education which much permeate all employees and auditing modules.
Posted by Eamon W | Thursday, August 28 2014 at 1:27PM ET
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