Five million dollars. That’s how much an insider risk event could have cost one company when proprietary source code was exfiltrated by a software engineer who recently resigned. In this case, the file movement was detected and never left the company, but without the proper security measures, this scenario could have been much worse.
The uptick in employees taking sensitive data, presentations and customer lists with them when they quit is one of the many residual effects of the Great Resignation and shift to hybrid-remote work. The Great Resignation served as a catalyst for departing employees to unknowingly expose, leak or exfiltrate intellectual property (IP), something many organizations weren’t prepared for. At the same time, hybrid work changed the way we collaborate and communicate, creating new opportunities for data exposure. Employees are using personal clouds, emails and unsanctioned apps more frequently to get work done and some organizations have found themselves in the dark when it comes to the movement of their data.