What that says to me is theres over the top security policies in place which causes the weaking of overall security of the business. If you ever feel the need to use insecure methods in business then the security team have failed massive and needs replacing
Not wanting to hijack the thread but "
over the top security policies" really? What does 'insecure methods' even mean? Wrong on so many levels.
back on topic, talk of 'charges' and 'cheating' is also wrong on many levels. Cheating is fielding 14 outfield players and 2 Goalkeepers, or bribing a match official, and as far as I can remember we haven't done either. We have supposedly not abided by 'rules' that weren't in force until we disrupted the cartel and their cosy world.
As for 'charges' other posters have eloquently written that the feasibility of a coordinated, collaboration of multiple organisations and senior individuals to conspire to commit fraud is literally laughable.
I remind myself constantly the legitimacy of the proceedings should be questioned, not City. Any organisation or individual can fall foul of laws or regulations if these are applied retrospectively with the intent to cause prejudice or damage be that reputationally or otherwise. Remembering that when the cartel dominated there was no need for the rules, not even when Jack Walker blew the rags away.
While I'm on my soapbox. Talk of Lord Pannick and his day rate has been discussed. His fee and that of the legal team should be put into perspective. Whilst the figures are eye watering no doubt, but they are not anything remarkable for him or the firms participating.
5 years ago the top fee earners at one of the firms representing City were commanding around 10k per day. I was with one of these Firms in 2019 at their Hong Kong office at the closing of a Merger to the value of 50Bn. I'm not privy to the details of both sides legal fees but assuming the legal fees, for both parties were at 2% of the Merger value combined between both representative firms then the costs whilst substantial (1Bn) the actual cost to the deal was not. My point being, Lord Pannicks day rate seems a big deal, but to him and his firm, not so much.
back to sacking our security team ..... I don't remember it being City's IT taken down for almost 1 month due to a ransomware attack. That dubious honour goes to United. Strange but true they approached me to head up their Cyber Security not long after - to be clear I said no.