“Sleeping around, to continue our metaphor, can actually be useful for large derivatives dealers because it assures them government aid if trouble hits. In other words, only companies having problems that can infect the entire neighborhood – I won’t mention names – are certain to become a concern of the state (an outcome, I’m sad to say, that is proper). From this irritating reality comes The First Law of Corporate Survival for ambitious CEOs who pile on leverage and run large and unfathomable derivatives books: Modest incompetence simply won’t do; it’s mindboggling screw-ups that are required.
We have decades of experience with how we give an EA access to an executive’s life. And the entertainment industry is rife with stories of managers taking advantage of celebs by gaining access to their bank accounts and other aspects of their lives. All of this has made me realize that:
GenAI Threat management is just Insider Threat management, but faster and at scale.
