Trade secrets theft linked to ex-employees: study

Feb 06, 2013

A big source of theft of corporate data and trade secrets is former employees of the company, a research report said Wednesday.

The survey by the Symantec found that half of employees who left or lost their jobs in the last 12 months kept confidential corporate data, and 40 percent plan to use it in their .

"This means valuable intelligence is falling into the hands of competitors," said Symantec's Robert Hamilton in a blog post accompanying the report.

"Ultimately, this puts everyone at risk—the employee who takes the IP (intellectual property), the organization that invested in it and the new employer who unwittingly receives it. Everyone can be held accountable, and no one wins."

Hamilton said it was "startling" that many employees "don't think taking corporate data is wrong. Sixty-two percent of employees think it's acceptable to transfer corporate data to their personal computers, tablets, smartphones and cloud file-sharing apps. And once the data is there, it stays there—most employees never delete it."

He added that "underlying this belief is a lack of understanding who owns the IP. The survey shows that employees attribute ownership of IP to the person who created it" and that companies fail to clearly indicate that they own the data.

Symantec said the report highlights that corporate security must consider how to deal with the threats from within.

"Companies cannot focus their defenses solely on external attackers and malicious insiders who plan to sell stolen IP for ," said Lawrence Bruhmuller, Symantec's vice president of engineering and product management.

"The everyday employee, who takes confidential corporate data without a second thought because he doesn't understand it's wrong, can be just as damaging to an organization."

Explore further: Out-of-patience investors sell off Amazon

add to favorites email to friend print save as pdf

Related Stories

Symantec urges users to disable pcAnywhere

Jan 26, 2012

Symantec is recommending that users of its pcAnywhere software disable the product following the theft of source code from the US computer security firm.

Go green, give a boost to employee morale

Feb 01, 2011

In a global recession, most people are thankful to have a job, but a new study published in Interdisciplinary Environmental Review suggests that employees are more likely to be satisfied with their jobs if they are workin ...

Recommended for you

Out-of-patience investors sell off Amazon

12 hours ago

Amazon has long acted like an ideal customer on its own website: a freewheeling big spender with no worries about balancing a checkbook. Investors confident in founder and CEO Jeff Bezos' invest-and-expand ...

States ascend into the cloud

19 hours ago

Seven years ago, the state of Delaware started moving computer servers out of closets and from under workers' desks to create a consolidated data center and a virtual computing climate.

Microsoft drops Nokia name from smartphones

21 hours ago

Microsoft said Friday it was dropping the Nokia name from its Lumia smartphones, rebranding following the acquisition earlier this year of the Finnish group's handset division.

Amazon's loss makes holidays a question mark

21 hours ago

Amazon's trademark smile icon is becoming more of a grimace. The world's largest online retailer reported a wider third-quarter loss than analysts expected and gave a disappointing holiday forecast.

User comments : 0