Wall Street traders are hackers

A quick post on a very interesting article I recently read by the hand of Mark Cuban. It compares Wall Street traders to hackers. You can find the link by clicking on this blog post title.

I found it quite interesting to learn that any regulatory measure runs way behind. From an internal control point of view, it says a lot that the regulatory framework is out of touch with the actual business that is being conducted. Very worrying and one of the key reasons why lines of defense, such as internal audit, need to remain as flexible as possible.