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Vincent
AuthorAshwell, Peter
PositionLetters - Letter to the editor

I refer to the informative article "Know your enemy" (November 2006), which described the role of profiling in preventing and detecting fraud. The value of this technique was highlighted recently with the discovery of massive losses incurred by Societe Generale because of the alleged activities of Jerome Kerviel. While the bank's 4bn [pounds sterling] loss mayor may not turn out to have been caused by fraudulent activity in the strict legal sense, it's clear that profiling could have been used in this case.

From the facts published so far, there were some clear leading indicators that should have alerted senior and middle managers. By using profiling in a focused way, the bank would have been able...

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