Posts by David Bisson

David Bisson is an infosec news junkie and security journalist. He works as Contributing Editor for Graham Cluley Security News and Associate Editor for Tripwire's "The State of Security" blog. He also writes content for Venafi, Gemalto, CLTRe, and a number of other companies operating in the information security space.

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German Court: Employees Can Be Held Liable for Damages Caused by CEO Fraud

By , December 13, 2017

A German court has ruled that an employee can be held liable for damages caused by instances of CEO fraud that affect their employer. In October 2017, the Regional Labor Court of Saxony ruled that a financial director can be partially liable for the damage caused by a case of CEO fraud. Their accountability was ultimately limited however, the court found, because the liability privilege developed by German labor courts applies to CEO fraud. Under that common law, employees are responsible for damages only if they demonstrate gross negligence. While the employee did violate their employer’s internal safeguards, the court…