Contributor

Ten best practices for avoiding data loss during layoffs

Opinion
Nov 18, 20082 mins

Re=posted from ThreatChaos.com

 

An economic downturn is one of the most difficult times to protect data.  Layoffs create disgruntled employees and provides them with motivation as they face the prospect of loss of income.  This afternoon I am presenting a webinar (register here) on how to protect your organization’s data during these tumultuous times.

Citi Group announced 53,000 layoffs yesterday, mirroring numerous layoffs on Wall Street and Main Street.  Unemployment is at levels not seen since 1994.  When an organization is already experiencing high financial stress the last thing you want is a major data breach.   Just as Countrywide was experiencing its troubles this past summer it came to light that one Rene Rebollo, working in Countrywide’s subprime mortgage arm, was systematically downloading spread sheets of data to a USB thumb drive and selling the records of mortgage applicants for what eventually amounted to $50K.  He stole and distributed over two million identities.   Don’t let your company experience the kind of trouble that Countrywide went through in the subsequent disclosure process.

Here are Ten Best Practices for Data Protection During a Downturn. My starting point was the excellent Common Sense Guide to Prevention and Detection of Insider Threats published by Carnegie Mellon’s CyLab.

1.    Restate and re-publish your organization policy on confidential information. Require everyone in the company to sign it.

2.    Have a strict policy regarding the usage of data storage devices including thumb drives, iPods, and USB hard drives.

3.    Establish strict policies that allow, restrict or block data transfers to removable media

4.    Identify and restrict access to key data such as employee records, resumes, customer lists, and financial statements.

5.    Track employee access to data and retain copies of transferred files

6.    Log, monitor and audit employee online actions

7. Use extra caution with system admins and privileged users.

8. Deactivate all accounts and network access of terminated employees.

9. Confiscate laptops, Blackberrys (all corporate phones) and storage devices of terminated employees.

10. Document insider threat controls

 

Richard Stiennon is chief research analyst at IT-Harvest, the firm he founded in 2005 to cover the 1,600 vendors that make up the IT security industry. He is the author of Surviving Cyberwar (Government Institutes, 2010) and There Will Be Cyberwar: How the Move to Network-Centric Warfighting Set the Stage for Cyberwar. He is a member of the advisory board at the Information Governance Initiative and principal of TrueBit Cyber Partners. He also serves on the R2-TAC, the technical advisory committee for the Responsible Recycling standard for e-waste.

Stiennon was chief marketing officer for Fortinet Inc. and vice president of threat research at Webroot Software. Prior to that, he was vice president of research at Gartner Inc. He has a B.S. in aerospace engineering and an M.A. in war in the modern world from King’s College, London.

The opinions expressed in this blog are those of Richard Stiennon and do not necessarily represent those of IDG Communications Inc. or its parent, subsidiary or affiliated companies.

More from this author