Some planted fake information in their communications to see if Cavicchia would mention it at meetings, which he did. They darkly joked that Cavicchia was listening to their calls, reading their emails, watching them come and go. People in the department were shocked that no one from the bank or Palantir set any real limits. Former JPMorgan colleagues describe the environment as Wall Street meets Apocalypse Now, with Cavicchia as Colonel Kurtz, ensconced upriver in his office suite eight floors above the rest of the bank’s security team. Over time, however, Cavicchia himself went rogue. That would trigger further scrutiny and possibly physical surveillance after hours by bank security personnel.įeatured in Bloomberg Businessweek, April 23, 2018. Palantir’s algorithm, for example, alerted the insider threat team when an employee started badging into work later than usual, a sign of potential disgruntlement. Palantir’s software aggregated, searched, sorted, and analyzed these records, surfacing keywords and patterns of behavior that Cavicchia’s team had flagged for potential abuse of corporate assets. His insider threat group-most large financial institutions have one-used computer algorithms to monitor the bank’s employees, ostensibly to protect against perfidious traders and other miscreants.Īided by as many as 120 “forward-deployed engineers” from the data mining company Palantir Technologies Inc., which JPMorgan engaged in 2009, Cavicchia’s group vacuumed up emails and browser histories, GPS locations from company-issued smartphones, printer and download activity, and transcripts of digitally recorded phone conversations. Secret Service agent named Peter Cavicchia III ran special ops for JPMorgan Chase & Co. High above the Hudson River in downtown Jersey City, a former U.S. By Peter Waldman, Lizette Chapman, and Jordan Robertson

Creeping terror ds