Bad Times Call for a Security Check, Experts Say

"Disaster breeds opportunity," so the old slogan goes. But when it comes to uncertain economic times, organizations should double-check their internal policies and procedures, security experts say.

A key question is whether layoffs, or the prospect of them, will increase the likelihood of information theft by employees. Slavik Markovich, CTO and founder of security firm Sentrigo Inc., advocates data monitoring as a preemptive measure.

"Now would be good time to refresh policy procedures with employees, and monitor their activities, especially those of privileged users," Markovich said. "It is equally important to monitor all access to data that is commonly targeted by insiders, even if seemingly it is not central to the company's business. Because data can be stolen without disappearing, monitoring is the only way to track events in a way that allows a quick response and mitigation."

Security experts pointed to scenarios where lax internal security can be a problem, leading to data theft, sabotage, and security chaos. The threat rises with economic instability, according to Tyler Reguly, nCircle's head security engineer, in an e-mail comment.

"Now, however, in the face of deteriorating economic conditions as well as acquisitions and layoffs, the relative importance of insider threats is rising," Reguly wrote.

Data Theft
Unscrupulous people fearing job loss may "take insurance" in the form of stolen data they can sell later. The data could be used for identity theft or poaching customers, or they could bring sensitive information to competitors.

A recent survey by security firm Cyberark quantified the potential threat. Nearly 90 percent of IT administrator respondents admitted they would take sensitive information with them if their jobs were on the chopping block. At-risk information ranged from customer databases to the executives' personal information. More than 33 percent said they would take the password list granting access to sensitive information, such as financial reports, accounts, and HR records.

Sabotage
In the IT community, one practice is to carry out company sabotage for the sake of demonstrating employee necessity. Planting logic bombs is one example. It sends the message, "You're the only one who understands this; we need you back at the office."

A different case of sabotage happened this July. Terry Childs, a disgruntled system administrator working for the city of San Francisco, suspected that he was about to be laid off. In response, he blocked access to the city's IT network infrastructure using a password only he knew, menacing the city's multimillion-dollar wide area network.

"There is always risk, and, while you need to move fast, you also need to consider IT controls and scope very carefully and make sure you have conversion and security controls built into your plan," said Michael Cangemi, a past president of both Financial Executives International and the Information Systems Audit and Control Association.

About the Author

Jabulani Leffall is a business consultant and an award-winning journalist whose work has appeared in the Financial Times of London, Investor's Business Daily, The Economist and CFO Magazine, among others. He consulted for Deloitte & Touche LLP and was a business and world affairs commentator on ABC and CNN.

Featured

  • abstract human figures stand on a glowing grid floor in a vibrant digital landscape with floating holographic buildings, luminous data orbs, and a neon blue and purple gradient sky

    Metaverse Org Declares the Technology Is Accelerating in Spite of Rise of AI

    A new report from the Metaverse Standards Forum (MSF) declares the technology initiative is alive and well, despite skyrocketing attention paid to artificial intelligence.

  • digital illustration of a glowing padlock at the center, surrounded by abstract icons of books and graduation caps

    2025 Cybersecurity Predictions for K-20 Education

    What should K-12 and higher education institutions expect on the cybersecurity front in the coming year? Here's what the experts told us.

  • From Fire TV to Signage Stick: University of Utah's Digital Signage Evolution

    Jake Sorensen, who oversees sponsorship and advertising and Student Media in Auxiliary Business Development at the University of Utah, has navigated the digital signage landscape for nearly 15 years. He was managing hundreds of devices on campus that were incompatible with digital signage requirements and needed a solution that was reliable and lowered labor costs. The Amazon Signage Stick, specifically engineered for digital signage applications, gave him the stability and design functionality the University of Utah needed, along with the assurance of long-term support.

  • robot waving

    Copilot Updates Aim to Make AI More Personal

    Microsoft has unveiled a range of updates to its Copilot platform, marking a new phase in its effort to deliver what it calls a "true AI companion" that adapts to individual users' needs, preferences and routines.