Vigilant Releases White Paper: 'Societe Generale - Preventing Fraud Through Real-time Risk Monitoring'

NEW YORK, March 27 /PRNewswire/ --

- IT risk monitoring has become a real-time requirement for financial 
institutions - Societe Generale's USD 7 billion in fraud losses provide wake 
up call.

Vigilant, LLC, the leading provider of IT Risk, SIEM Integration, and
Co-Sourcing Services to the Fortune 1000, today announced the release of
their latest technical white paper, analyzing the recent Societe Generale
fraud case and positing how a real-time risk monitoring system may have
prevented the bank's record-setting losses from occurring.

Jerome Kerviel, a former junior trader on Societe Generale's proprietary
equities arbitrage trading desk, single-handedly committed the world's
largest insider fraud case known to date. In Vigilant's white paper,
co-authored by Joe Magee, CTO and Co-Founder, and Steven Zaki, Market
Analyst, Vigilant's risk management experts perform a detailed technical
evaluation of Kerviel's activities. Dissecting each action, Magee and Zaki
demonstrate through a number of use cases how the innovative application of
real-time risk monitoring solutions could have alerted bank officials to
Kerviel's behavior and likely prevented the large-scale fraud.

"In this instance of fraud, various levels of access control were
breached, irregular trading patterns were either ignored or simply not
caught, and compliance rules and triggers were circumvented. We know that
Kerviel was able to commit these acts over a significant period of time. Some
of his actions were even flagged as suspicious, and yet the full pattern of
activity went undetected," said Magee.

The white paper details how Security Information and Event Monitoring
technology platforms (SIEM) could have been deployed to detect Kerviel's
various illicit activities and alert compliance and risk management officers
well before the bank's losses grew to the estimated USD 7 Billion incurred.

Vigilant has created real-time risk monitoring systems using SIEM
technology for some of the world's largest and most complex financial
institutions to detect and prevent fraud, as well as a host of other business
risk issues. Alison Andrews, CEO of Vigilant comments, "Vigilant strongly
believes that operational risk mitigation must be conducted in a real-time
manner in order to maintain the integrity of market operations. The
cutting-edge solutions that Vigilant is building around fraud detection,
anti-money laundering, and compliance monitoring demonstrate how Vigilant is
responding to customer demands with advanced solutions to address core
business issues."

About Vigilant, LLC

Founded in 2003, Vigilant, LLC is the premier provider of Information
Security, IT Risk, and Data Center Optimization services to the Fortune 1000.
The company focuses on the design and integration of systems that provide
holistic, real-time situational awareness -- thereby bringing together the
traditionally separate worlds of Information Security, IT Asset Management,
and Business Transaction Monitoring into one solution. Vigilant LLC has
headquarters in New York, NY and sales offices in Washington, DC, Chicago and
Boston.

To find out more about Vigilant's full suite of consulting and
co-sourcing services, or to request a copy of our white papers, please
contact us at sales@thevigilant.com, or join us in person at RSA 2008 in San
Francisco, CA, April 7th - 11th, 2008.

Web site: http://www.thevigilant.com