HR TECHNOLOGY

Global - Executives around the world have said they are concerned by the possible threat of disgruntled former employees who might steal corporate data for revenge.

According to the survey of 1,900 managers across 60 countries by accounting firm Ernst and Young, 75% of respondents polled are worried about how former employees might view their dismissal. A quarter of executives also said there has been a rise in the number of employees who stole corporate data and abused their access to information systems. Besides internal security risks, around 41% said there have been external attacks in the form of phishing - acquiring of sensitive information such as usernames and passwords - on their companies' online platforms.

This has led to half of the respondents saying they plan to boost corporate expenditure on securing their information systems. The survey added, "To manage the increased risks, companies should develop a formal response aimed at dealing with employees likely to leave the organisation as a result of workforce reductions or job elimination."

A recent high profile case of information theft include the sale of data of alleged tax dodgers stolen by a former employee of HSBC Private Bank in Switzerland to German tax authorities, reported The Sydney Morning Herald.

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