Too much data? Too little protection?
The complex and copious amounts of data stored on corporate networks after the enactment of the Sarbanes-Oxley Act may be creating greater opportunities for fraud.
Peter Dorrington, head of fraud solutions at the SAS Institute, says companies are storing vast amounts of data but giving little thought to what is being stored. That could make the occasional instances of fraud or anomalous data far more difficult to spot, he said.
"Fraudsters are reliant upon their transaction being a tree hidden a forest," Dorrington said. The vast amounts of data being stored as part of efforts to comply with the Sarbanes-Oxley Act are simply increasing the size and density of that forest, he said.
