Deutsche Bank Email Vulnerability Left Ex-Employees with AccessFailures in computer and control systems are being blamed.
When Deutsche Bank left the equities trading business, employees in that division were let go. However, their access to their Deutsche Bank email accounts lasted for several weeks after they were shown the door.
While access to trading and other financial systems was immediately terminated along with the individuals' employment, email accounts were missed for some employees for a period of time. According to the bank, a review of the accounts shows that no confidential or inappropriate information was transferred after the employees left the company.
Some observers say the vulnerability, which has now been closed, is indicative of issues with the bank's computer systems and general controls. Deutsche Bank is now investing approximately $4.5 billion to address that.
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