Re: The hidden cost of laying off experienced staff?
I seriously doubt it. I used to work for "major UK/Global bank" and the IT security there is shit hot. No one person has a root for anything. Passwords are stored in a system which means that two people have to sign in, in order to send a person who temporarily need upgraded access an appropriate logon, the password is delivered in two fragments in two different delivery methods. The work you do is audited, as are all the IDs on all the systems to make sure that nothing is changed, without permission.
But, what convinces me the most is that when we were made redundant we all got very generous redundancy packages and everyone was very professional about it. Also, when you are caught for something like this (and it is when, not if) you will never work in financial services IT ever again. You'll probably be lucky to work in IT again.