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40 Percent Of Corporate Employees Steal Data From Previous Jobs

A survey conducted by the security company Cyber-Ark has surprisingly revealed that every 4 out of 10 people working in financial institutions in the US and UK have confessed taking sensitive company data from their previous jobs to their new ones.

The information security company quizzed 600 workers at London's Canary Wharf and New York's Wall Street, inquiring about their views on corporate data and found that 41 percent of them had taken data from one job to another. It was also found that a third of them will have no qualms about stealing corporate data to help a family member or friend get a job.

It was discovered in the survey that the most sought-after information to be stolen was the customer and contact details; it was followed by business plans and proposals. Product details came third on the list while the most favoured mode of stealing information turned out to be the USB memory sticks.

It was also revealed that 85 percent of the workers surveyed were very much aware that it was illegal to download corporate data but still chose to do it.

Cyber-Ark director Mark Fullbrook commented that even as the economy was recovering from recession, these results prove that employee confidence has been severely shaken and they are willing to do nearly anything to ensure their job security.

Our Comments

Such reports are not surprising given the fact that it is now extremely easy to copy and transfer the entire content of a server on a device smaller than a thumb drive. A few decades ago, stealing content would literally mean taking away truckloads of documents and sifting through them. That is no longer the case.

Related Links

Workers would steal data to help their friends into work (opens in new tab)

(Computing UK)

Employees ready to steal data during economic crunch (opens in new tab)

(Info Security)

Recession could cause employees to steal data to help themselves or others (opens in new tab)

(SC Magazine UK)

Survey: Data theft on the rise (opens in new tab)

(Boston Business Journal)

Désiré has been musing and writing about technology during a career spanning four decades. He dabbled in website building and web hosting when DHTML and frames were en vogue and started writing about the impact of technology on society just before the start of the Y2K hysteria at the turn of the last millennium. Following an eight-year stint at where he discovered the joys of global tech-fests, Désiré now heads up TechRadar Pro. Previously he was a freelance technology journalist at Incisive Media, Breakthrough Publishing and Vnunet, and Business Magazine. He also launched and hosted the first Tech Radio Show on Radio Plus.