May, 24, 2012, Beaverton, Oregon - Rising incidents of workplace theft is something to be concerned about, but we are not discussing retail theft, this theft involves theft of personal information belonging to thousands of innocent victims, or theft of company secrets. Theft of secret data by employees has seen a dramatic upturn in recent years. As more and more data is stored in company servers, dishonest employees who have access to company servers are more likely to steal that information. Moreover, many companies fail or neglect to take any precautions on securing their private data. Jonathan Ladd, who is a security analyst for newsoftwares.net, says “many organizations make the mistake of trusting their senior employees with secret company information, without going through proper verification procedures.” One study published by the Ponemon Institute in March found that organizations suffering a data loss paid an average $5.5 million per breach, or $194 per record lost. Back in April, Bloomberg published a report on data theft by a former Intel employee, who stole company information which was worth millions of dollars, the accused Biswamohan Pani, 36, resident of Chelmsford, Ma, pleaded guilty to charges for stealing chip design and manufacturing documents from his former employer, Intel. Pani admitted that he was able to access Intel’s server and download the secret data even after resigning from his former employer. Data stolen by Pani was estimated to be worth between $200 million to $400 million. “Employees often become delusional and think they can get away with such crimes, the thought of making millions of dollars with little effort blinds their faith.” he added. Ladsd’s employer newsoftwares.net specializes in developing software that prevents such breaches. One of their products appropriately named “USB Block” is designed to prevent data leaks through open USB ports, CD drives, as well as open network connections. USB Block has recently been updated to version 1.5.1, for better integrity with all variants of windows operating systems. He recommends that organizations regardless of their size and background should utilize such software, which in the end can pay off.

For more information please visit:
http://www.newsoftwares.net/usb-block/
"Ex-Intel Worker Pleads Guilty to Stealing Design Documents." Bloomberg. Web. 24 May 2012. .