Largest threat to IT

Largest threat to IT - Employees

June 9th, 2006 · No Comments

Underlining the old adage that external threats are never as high as internal threats, your own employees.

This was the day when 2,000 of the company’s servers went down, leaving about 17,000 brokers across the country unable to make trades. Nearly 400 branch offices were affected. Files were deleted. Backups went down within minutes of being run. The system was offline for more than a day, and UBS PaineWebber — which was renamed UBS Wealth Management USA in 2003 — spent about $3.1 million in assessing and restoring the network. Executives at the company haven’t reported how much was lost in business downtime.

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