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Spreadsheet Errors

Whale Fail: Billions Lost from Neglected Spreadsheets & Human Error

October 15, 2019

Human error will never cease to exist within the very being of our nature. Financial institutions and large corporations make crucial decisions based on information derived from Excel spreadsheets.

Only Human

This post is part of our Only Human series where we highlight human error in spreadsheets and other end user computing (EUC) tools that negatively impact organizations.

When spreadsheets are not properly managed, the potential for making a costly error will always linger until it’s too late.

The “London Whale” serves as a cautionary tale of the financial repercussions that human error and mismanaged spreadsheets can inflict on any organization. Read about how JPMorgan Chase lost $6 billion from a simple spreadsheet copy and paste error.

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Subtle White Feathers

George McGreggor

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