By: Amanda Vicinanzo, Senior Editor
Against the backdrop of notorious defense contractor Edward Snowden’s massive leak of classified documents last year, the Department of Homeland Security (DHS) recently published a report revealing the threat posed by malicious insiders who threaten the security of the sensitive information that US businesses rely on.
The DHS report identified a significant increase of disgruntled or former employees sabotaging company networks. Lockheed Martin—an American global aerospace, defense, security and advanced technology company—indicates that investigations conducted by the Federal Bureau of Investigation reveal that 59 percent of employees admit to taking proprietary information upon termination.
Moreover, the report stated , “A review of recent FBI cyber investigations revealed victim businesses incur significant costs ranging from $5,000 to $3 million due to cyber incidents involving disgruntled or former employees.” Continue reading