Computer Fraud and Ethics: The Societe Generale's Trading Fraud

Computer crime is a problem that continues to increase across the world. In this paper, we use a recent case of computer fraud by a rogue trader in Societe Generale, a French bank, to examine how the fraud was committed. We then discuss how to improve the risk control systems. Even with an improved risk control systems and strengthening of computer security systems, computer fraud cannot be prevented. Good computer ethics and ethical behaviour are needed. We conclude with proposals for mitigating this people risk.