Ex-Employees Admit to Stealing Company Data

symantecYou ex-employees are probably stealing your company’s data on their way out the door.  In a study by Symantec Corp. and Ponemon Institute, they found that 59 percent of ex-employees admit to stealing confidential company information: More Than Half of Ex-Employees Admit to Stealing Company Data According to New Study.

That employees are taking data is not surprising. That the percentage is this large may be a surprise to some of you. (It also not a surprise that Symantec also has a product to help limit this kind of data loss.) But in these economic times with many company’s downsizing, it is important to think about possible data loss.

Additional Survey Findings:

  • 53 percent of respondents downloaded information onto a CD or DVD.
  • 42 percent downloaded information onto a USB drive.
  • 38 percent sent attachments to a personal e-mail account.
  • 82 percent of respondents said their employers did not perform an audit or review of paper or electronic documents before the respondent left his/her job.
  • 24 percent of respondents had access to their employer’s computer system or network after their departure from the company.

The Ponemon Institute conducted the web-based survey in January 2009, polling nearly 1,000 adult participants located in the United States who left an employer within the past 12 months.

See also:

Data Breach Costs $202 per Customer Record

datbreachPGP Corporation and Ponemon Institute issued their fourth annual U.S. Cost of a Data Breach Study. The study examined 43 organizations across 17 different industry sectors with a range of 4,200 to 113,000 records that were affected. According to the report,  data breach incidents cost U.S. companies $202 per compromised customer record in 2008, compared to $197 in 2007. Within that number, the largest cost increase in 2008 concerns lost business created by abnormal churn of customers. Since the study’s inception in 2005, this cost component has grown by more than $64 on a per victim basis, nearly a 40% increase.