Employee Fraud: SocGen Loss Lights a Fire Under Execs: 85 percent plan to change internal risk controls.

Yes, this is another story hung on the hook of Jerome Kerviel and Societe Generale; but the French banks $7 billion loss was a rude awakening for financial services firms around the globe, which are now scrambling to examine their own employee fraud detection processes and practices, and turning to the handful of tech vendors in the space to bring them up to speed.

We get people bringing us in for a number of reasons, because there is a problem with employee fraud or because they see things in the news like Societe Generale, says Andrew Davies, general manager and svp of sales at NetEconomy, the AML vendor that recently partnered with Intellinx to offer its employee fraud detection system.

Actimize, a data analytics …