Failure to comply with Regulations, Policies, Procedures and Standards !
I wonder why this change at RBS wasn't tested? and why it has taken so long to resolve? clearly the change was not properly vetted or signed off before being implemented. There can have been no "backout" incase of failure. Whoever is responsible for thie implementation without any contingency plan must be held accountable, and this includes the full managment chain....right to the very top. They failed in their regulatory requirements to perform due-diligence on the change/implementation, which at director level is incompetence and failing in your duties as a company director is already covered in UK Criminal Law... I would like to see this used in this instance to prosecute the Board at RBS...it is time that the Law govening these institutions was fully exercised, if it is not, we will have no economy and no jobs...this event is worse than any cyber attack or physicall disaster...
Biting the hand that feeds IT
