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  IT Could Have Caught $2 Billion Rogue Trader

  Posted: September 17th, 2011, 12:22pm CEST by timothy

  Tags:  business  

  superapecommando writes "With the benefit of hindsight, IT experts are claiming that technical countermeasures at Swiss bank UBS could have stopped rogue trader Kweku Adoboli running up a $2 billion loss." If American Express and Visa can mine transaction data and put a stop order on credit cards when you unexpectedly buy gas out of state, it seems like there could be patterns to watch for when the amounts are in the billions, too.

  Read more of this story at Slashdot.