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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.

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PowerBroker for Mac: A Least-Privileged Apple a Day…

Posted July 27, 2015    Jason Silva

BeyondTrust PowerBroker for Mac reduces the risk of privilege misuse by enabling standard users on Mac OS X to perform administrative tasks successfully without entering elevated credentials.

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On Demand Webinar – Now is the time for Privileged Account Management

Posted July 24, 2015    BeyondTrust Software

In this webinar, SANS Instructor and Founder of Voodoo Security, Dave Shackleford, will revisit several hacking and breach scenarios that involved privileged accounts, and use these as examples while discussing tools and tactics to get this problem under control once and for all.

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Privileged Account Management: The Time is Now

Posted July 22, 2015    Dave Shackleford

There’s plenty of problems we don’t have great options for in InfoSec today. Malware is a pain point that keeps evolving rapidly. 0-day exploits are tough to prepare for. Privileged account management? We got this. We know the root causes, we know how it manifests, we know how to get it under control effectively, and there are great technology solutions that are enterprise-class.

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