Carnegie Mellon DHS: Loan Processor
A former loan processor for a banking institution had responsibilities that allowed full privileges to read and modify loan information. As a result, the individual took out two loans totaling $39,000 from her employer to fund her own personal expenses.
In total, she embezzled approximately $112,000, and the bank’s reputation was damaged.
ClearForce could have identified unusual financial activity and increased auditing of accountants and managers on a more detailed level. Also, ClearForce could have placed temporary restrictions on financial records and transactions as a preventative measure.