Much has been said, discussed and detailed about KYC that I shall not repeat all of them; suffice to say now that it is essential to know our customer well or else we shall have to face the consequences which may be detrimental to our business objectives. 15. The second commandment of mine states that Thou shall know your employee.
Most of the cyber frauds have some direct or indirect role of an insider, who generally happens to be an employee of the organisation which has been the target of the cyber security attack.