Per the cease and desist order, it appears that the lawyers on behalf of Kraupthing are doing their job.

The laws themselves appear to be there to protect the client's confidential information. Paraphrasing (IANAL, IANAL, IANAL!) they are:

58. Banks are not suppose to disclose their customer's financial information.
59. Exception #1 - if there is a risk to a parent company
60. Exception #2 - if the customer(s) say it is okay to disclose the information.

So basically the bank and the bank lawyers are doing the job they are legally obligated to do on behalf of their customers.

If you had RTFA'd you might have gone to http://zerohedge.blogspot.com/2009/07/is-case-of-quant-trading-industrial.html and read the affidavit - http://www.zerohedge.com/sites/default/files/Complaint_--_Aleynikov.pdf, you would see that (a) they have proof that the file was transfered (b) they know *exactly* which server the files were uploaded to and (c) Sergey Aleynikov has already confessed to copying the files.

It's all there in the affidavit.

It's infuriating to see the the semi-luddite rantings of the parent post got modded insightful. Makes me wonder why I even read Slashdot anymore.

Clearly the parent poster believes that monitoring devices are for ninnies and the weak. I assume that he follows his logic to it's logical conclusion and

- carefully disables all monitoring and warning devices on all/any vehicles he drives - after all engine check lights are for sissies!
- removes any and all air quality detectors (smoke/carbon monoxide/radon) from his homes (not to mention any security systems)
- if a sysadmin, avoids the use of any and all alterts, alarms, and carefully avoids the instalation of monitoring systems

The fact is that if this was about managing a server farm or a commercial jetliner instead of a person's body there wouldn't be a doubt in anyone's mind that recieving timely accurate information about system health and integrity is a *good* thing.

Ignorance is *not* bliss, and having more information doesn't mean that you necessarily turn into a hypochondriac. It *does* mean you have the knowledge to make responsible, informed choices -- and/or not to.

Pre-emptive monitoring for signs of heart attacks and strokes are no joking matter and detecting these early on mean the difference between mild and serious, life-altering damage or death. But apparently ignorance will be bliss for the parent poster until the "surprise" stroke, adult-onset-diabetes, heart-attack, or too-late cancer diagnosis.