What is a Bait Record?
A bait record is a fake file on a computer that is used to see whether anyone is improperly accessing data.
How Does a Bait Record Work?
Let's assume Company XYZ's magazine covers keep leaking to the competition before they are published, causing competitors to scoop them on several stories. To find out who is leaking the covers, Company XYZ creates a bait record on the computer server and finds out that John Doe, the janitor, has been downloading the file at night and selling it to the competition.
Why Does a Bait Record Matter?
Law enforcement professionals often use bait records to find out who is committing white insider trading, anti-competitive activity, fraud or other crimes.crimes such as
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.
Read This Next
As the stock market plunged in 2008 (for the second time in less than a decade), many people concluded that the world of...Read More →
The average tuition for a four-year US public college will cost you a steep $10,000 per year according to The College Board, while...Read More →
A flash-in-the-pan stock rally can come from anywhere....Read More →