10 of the worst moments in network security history

Spam, hackers, worms -- oh my! Events that shock sensibilities and shaped the future

Trader run amok: Jan. 24, 2008 Societe Generale, the large French financial services firm, discloses that one of its low-level options traders, Jerome Kerviel, has committed stock fraud worth an astonishing US$7 billion, the largest in history traced to rogue trading . Kerviel placed huge bets in unauthorized trades and covered up his tracks with fake e-mail. In a case still playing out in the French legal system, the 31-year-old Kerviel has admitted to masterminding the scheme but is publically saying Societe Generale was "complacent" about his activities as long as his bets were winning.

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