Actimize Study Finds That 75 Percent of Investment Firms Expect Another $100 Million Rogue Trading Loss in Next 12

NEW YORK, NY, May 20 (MARKET WIRE) --
Actimize, a leading provider of transactional risk management software for the
financial services industry and a NICE Systems company, today announced the
results of the Actimize Rogue Trading Peer Review, which examines investment
firms' perceptions concerning unauthorized trading following recent market
events.
The study finds that investment firms have been affected by recent rogue
trading events and are reacting decisively with new plans and processes.

The Actimize study found that in response to recent industry news concerning
rogue trading, 85 percent of respondents intend to modify their internal risk
management controls, 75 percent intend to change their strategy and 60 percent
have already created task forces to address rogue trading.

The peer review also found that over 75 percent of respondents from the
investment community expect another large rogue trading fraud loss, at
over$100 million to be uncovered at a large financial institution in the next 12
months. Additionally, 50 percent currently project that rogue trading activities
ranging in between thousands to millions of dollars are unreported every year
at their firms. Notably, 24 percent of respondents shared that they have
experienced
a case of trading fraud at their firms in the last 12 months, and 44 percent
confirmed a case of employee fraud had occurred in the same time period.

When asked to speculate why a rouge trader such as Jerome Kerviel, was not
caught sooner, respondents ranked "disjointed silo systems" as the top
contributor. Most institutions approach is still monitoring and
investigating of rogue trading at a group or line-of-business level. This
trend is supported by the fact that 74 percent of respondents said they do
not have an enterprise investigation tool that can look across all
environments. This siloed, disparate approach is further highlighted by the
fact that only 32 percent of respondents use a single case management platform
and
sophisticated analytics to combat securities employee fraud within their
organizations.

Actimize initiated this peer review in the first and second quarters of 2008
due to the lack of published benchmark data on rogue trading. The peer review
was managed by Infosurv, an independent research company. The project
included 25 detailed responses from compliance and other experts at firms
primarily located in North America and Europe. 48 percent of respondents
came from firm with assets of $100 billion and above.

"Our recent peer review study as well as nearly a decade of experience in
the financial surveillance market tells us that there are some inherent
weaknesses
in a siloed approach to transactional monitoring and risk management," says
Amir Orad, EVP & CMO of Actimize. "As instruments and back office systems
continue to advance and become more sophisticated, firms today are challenged to
'connects the dots' across the enterprise and calculate the risk that a
particular trader or employee exposes to the firm."

While both FINRA in the US and the FSA in the UK have already released
official
responses and recommendations following recent rogue trading events, 70 percent
of respondents forecast additional regulations addressing securities employee
fraud
to be issued within the next 12 months. Finally, 45 percent of respondents
think regulators, financial crime units and the media would not be notified of
rogue trading if a trader was earning large sums of money instead of losing
money for their firm.

The peer review findings and one-on-one discussions with large investment
firms led
Actimize to introduce its solution to combat rogue trading. To learn more,
go to http://www.actimize.com/index.aspx?page=news143.

For more information about the peer review, please attend an Actimize
results
Webinar on June 3. Contact Actimize for details.

About Actimize

Mitigating transactional risk across enterprise silos, Actimize is a
leading provider of software solutions for anti-money laundering,
brokeragecompliance and fraud prevention. Built on a patented, scalable and
extensible
analytics platform, Actimize solutions enable financial institutions to increase
their insight into real-time customer behavior and improve risk and
compliance performance. Six of the top 10 global banks and eight of the top
10 U.S. brokerages use Actimize solutions to process hundreds of millions of
transactions a day. Actimize, a NICE Systems company, has offices in New York,
Israel, London and Tokyo. For more information, go to www.actimize.com.

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Capture Unit, Insight from Interactions, Investigator, Last Message Replay,
Mirra, My
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This press release contains forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995. Such
statements are based on the current expectations of the management of NICE
Systems Ltd. (the Company) only, and are subject to a number of risk factors
and uncertainties, including but not limited to changes in technology and
market requirements, decline in demand for the Company's products, inability to
timely develop and introduce new technologies, products and applications,
difficulties
or delays in absorbing and integrating acquired operations, products,
technologies and personnel, loss of market share, pressure on pricing
resulting from competition, and inability to maintain certain marketing and
distribution arrangements, which could cause the actual results or performance
of the
Company to differ materially from those described therein. We undertake no
obligationto update these forward-looking statements. For a more detailed
descriptionof the risk factors and uncertainties affecting the company, refer to
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Company's reports filed from time to time with the Securities and Exchange
Commission.

Press Contact:
Jonathan Stotts
Actimize
+1-212-994-3865
Email Contact

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