Cisco Systems sued former senior employees for stealing thousands of files containing confidential information. The accused former employees downloaded thousands of internal documents containing trade secrets, including information about Cisco’s 5G technology, design specifications for a video conferencing prototype, photographed confidential documents with an iPhone, and downloaded internal forecasting spreadsheets per the Cisco complaint.
The suit only mentions an unidentified company that competes “in the IP telephony, headset, video, and collaboration space.” The LinkedIn profiles of the accused all show currently being employed by San Jose-based Poly, a developer of video, voice, and content collaboration and communication technology.
A Deloitte Insider Threats report shows that 59% of employees voluntarily or involuntarily take confidential data with them when they leave a company. Members of Sales and Product teams are at higher risk. Those groups have a sense of ownership around the IP and data that was created.
A malicious insider is just one of the threats to internal data that should not leave an organization. Protecting data that should never leave an organization can be solved with a single solution. The solution should prevent external threats, malicious insiders, accidental insiders, lost or stolen devices, ransomware extortion to keep your data from being published publicly and shadow IT.
SecureCircle’s Data Access Security Broker (DASB) eliminates insider threats by delivering data-centric access control. Data remains persistently protected without impacting applications, workflow, or end-user experience.
Grant data access to users, applications, and processes from cloud or local without requiring changes to processes or workflows. DASB enables access to data transparently for any endpoint, protects any file type or size, and allows easy administration for access control policies.
With SecureCircle’s DASB, organizations can eliminate insider threats such as malicious insiders.