Is the biggest threat against your proprietary information your current or former employees? According to the FBI and Department of Homeland Security, the answer is likely “yes.” Digital attacks can not only disrupt your business’s operations, but also cost you thousands to millions of dollars!
Employees in your IT department can pose the most significant threat. While you may close down an employee’s accounts and log-in information, IT employees often have created their own backdoor login. However, as more companies use cloud storage websites, such as Dropbox, theft of valuable information may be easier. Exchanging information through informal channels increases the chances of a successful cyber-attack.
Why would a disgruntled employee steal information? If they are angry enough, they may attempt to delete date in order to punish you. A former employee may also want to use the private information, such as customer information, in order to gain a competitive edge in their new job. And, having access to a customer’s account can open the door to identity theft as well.
Repairing the damage after data has been stolen can be financially devastating to a business. Not only will you have to upgrade and protect your network, but you may be required to buy credit monitoring services for all parties impacted by the data breach.
Taking preventative measures may seem costly to you, but in the long run it can save your company thousands to millions of dollars. Even having a strategy in place for shutting down an employee’s access all at once can be an effective countermeasure. An employer should also change all administrative passwords to its servers and networks following the departure of an IT employee.
There are many other steps you can take to protect your digital data. To learn more about the topics discussed above or for assistance protecting your business’s assets, please contact us to schedule a free consultation.