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Famous cases of data breaches: comercial secrets of Credit Suisse go to Goldman Sachs

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Swiss bank Credit Suisse accused its former vice president of emerging markets Agostina Pechi, hired by the U.S. investment bank Goldman Sachs of theft of trade secrets, reports Bloomberg.

Credit Suisse has filed a complaint in a Manhattan court sustaining that the information was stolen in an attempt to win customers for Goldman Sachs.

In February and March, Pechi secretly sent e-mails with customer lists and other confidential banking information from her work account to her personal account. She also printed important documents relating to transactions, late at night,  when she was officially away on vacation, says the complaint filed by Credit Suisse  on the 3rd of May 3.

Pechi earned 950,000 dollars last year and lives in New York. She resigned from Credit Suisse on the 2nd of April, informing she accepted a job at Goldman Sachs in New York.

“Pechi decided to steal confidential information from Credit Suisse and contact details she gathered during the time spent at Credit Suisse. She plans to use the data to compete with Credit Suisse and share them with her new employer, specifically targeting the Swiss bank’s clients, “said  the complaint.

A spokesman for Goldman Sachs declined to comment, and Pechi could not be reached.

Funny thing is Goldman Sachs hasn’t been exempted from data thefts from ex-employees!


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