BeyondTrust

Security in Context: The BeyondTrust Blog

Welcome to Security in Context

Bringing you news and commentary on solutions and strategies for protecting critical IT infrastructure in the context of your business.

How Much is Goldman’s Code Worth?

Posted December 6, 2010    Peter McCalister

The trial of a former Goldman Sachs programmer accused of stealing source code to take to a competitor has begun in somewhat of a public spectacle. The Wall Street Journal unveiled some particularly interesting details. For example, the programmer was one of the highest paid in the company with a $400,000 annual salary, but competitor Teza Technologies offered him over $1 million in total pay including a $700,000 bonus.

Greedy much?

So how does the highest paid programmer of one of the largest investment banks in the world get a nearly three-fold salary hike by a much smaller competitor? Ok, ok, he’s innocent until proven guilty, but if he is guilty, I would bet a good chunk of cash that the $1 million paycheck was the price the company was paying for Goldman’s code.

Here’s the breakdown. He was offered $300,000 in salary, $700,000 in bonus and $150,000 in profit sharing. Here’s my question to you – which portion of his pay do you think was (could be) the bribe and could the programmer have gotten more? How much is Goldman’s source code worth?

Personally I think he was drastically underpaid for the value of the code, but a clean million is plenty to motivate someone to steal data despite the actual value of the stolen property being much higher.  Unfortunately this could be construed as a case of dealing with the symptom instead of the disease.  Had a least privilege solution been instituted then he wouldn’t have had the ability to misuse privilege and accomplish the theft at any price.

Leave a Reply

Additional articles

veritas-logo

BeyondTrust to be acquired by Veritas Capital

Posted September 2, 2014    Mike Yaffe

We’re pleased to announce that Veritas Capital plans to acquire BeyondTrust. This is positive news for everyone associated with BeyondTrust, as it will spur significant investments in our Privileged Account Management and Vulnerability Management solutions. Rest assured that the BeyondTrust management team will remain intact, and there will be no changes to the company name,…

Tags:
, ,
PBPS-screenshot-blog aug2014

Failing the Security Basics: Backoff Point-of-Sale Malware

Posted August 22, 2014    Marc Maiffret

At the beginning of this month, US-CERT issued a security alert relating to a string of breaches that had been targeting Point of Sale (POS) systems. The alert details that attackers were leveraging brute forcing tools to target common remote desktop applications such as Microsoft’s Remote Desktop, Apple Remote Desktop, Splashtop and LogMeIn among others….

Tags:
, , , , , ,

Troubleshooting Windows Privilege Management Rules with Policy Monitor

Posted August 21, 2014    Jason Silva

When defining and testing PowerBroker for Windows rules for production or pilots, customers sometimes tell us, “I don’t think this policy / program is working.” This is usually a case of the policy not properly triggering because of the way the rule was created. A unique feature of PowerBroker for Windows compared to other solutions is a client-side…

Tags:
, , ,