Is your company experiencing company theft? Studies estimated that 95% of all businesses are the victim of some level of company theft. At the low level, company theft could be stealing company stationary and merchandise for personal use. At a much more extreme level, company theft can involve sensitive and confidential data being stolen for fraud or for other illegal use.

Here is the reality of the workplace in a nutshell. Information is growing at a much faster pace than ever, and computers are built with faster processors and storage drives are being expanded to accommodate to the increasing demand for more and more data. The importance of data is that it will be extracted into information, then analyzed to be knowledge, which will then be translated into some sort of actionable strategy to contribute to the company’s profits.

The problem is this. In any typical company, most of the employees have full access to the computer systems. This means that they have access not only to the information they need to do their work, but they also have access to other information that may not even be relevant to their job title. The use of simple and predictable passwords is another issue. This allows for insiders to exist within the company, who would steal company information for personal gains that will damage the company. This type of company theft is what I like to call corporate snitching. Just think of an insider trading scenario: an employee plays the role of a corporate snitch to gain access to unreleased financial information and sends it to his friend who will purchase or sell company shares depending on the gathered information.

It’s really not so hard to imagine why company theft or corporate snitching happens in the workplace. Companies are too busy worrying about securities preventing outsiders to access their information that they fully neglect the possibly of their own internal staff of being a corporate snitch.

Oct 27th by admin