If you think your company is immune to departing employees walking out the door with sensitive data, think again.
Case in point: A world leader in data loss security, McAfee, just filed a lawsuit against three former employees for conspiracy and stealing trade secrets before they went to work for Tanium, a market rival. To carry out the alleged heist, the employees did not use the type of sophisticated technology that you might expect. Instead, according to the lawsuit, confidential company information was moved to unauthorized USB devices, private email addresses and cloud-based drives.
The kicker? A “leader” in data loss prevention didn’t realize that critical data was leaving until months after the damage was already done. And even then, they couldn’t definitively determine what had been taken or how much.
Thank you, McAfee, for demonstrating what many of your customers must already know — legacy Data Loss Prevention (DLP) doesn’t work. If a legacy DLP vendor can’t keep a simple breach from occurring in its own company (a breach of data that McAfee claims is worth millions of dollars!) why would anyone trust legacy DLP software to keep their data safe? Short answer: they shouldn’t.
The insider threat problem is growing
The insider threat problem is getting worse. Simply put: when people leave jobs, they take lots of data with them. According to McKinsey, 50 percent of breaches involved insiders between 2012 and 2017. It’s no longer a matter of whether data leaves, but when it leaves – and it’s leaving every day.
Part of the problem is that data has never been more portable — so taking it has never been easier. Sales lists, product specs, pricing information, payroll data and even contact lists are just a few examples of small but critically important files that are simple to take. Employees can store hundreds of gigabytes on their mobile devices, put 1TB or more of data on removable media, or quickly transfer data to personal cloud storage services like Dropbox.
Not only is data moving around more, but so are employees. The median tenure of U.S. workers ages 25 to 34 is just 2.8 years. And as they move from company to company, they take data with them. But that’s not all. While they may change companies, many opt to stay within the same industry, making the data that goes with them even more valuable.
This is a solvable problem
At Code42 we’ve been working to help our customers face these challenges. Our insider threat solution identifies what data employees are taking as they depart your organization. In fact, we look back for 90 days because we have found the smart employees take important data long before they actually quit. Unlike McAfee and other traditional DLP players, we don’t require policies or classification of data, which means our solutions roll out in days not months. Oh, and unlike traditional DLP, we track all data exfiltration. Our products are designed to tell you before the damage is done so you don’t have to file lawsuits like McAfee’s.
To put our conviction on display, we are offering all McAfee customers six months of free service when they buy a year of Code42 Next-Gen Data Loss Protection*. And yes, that offer even extends to McAfee. After all, their data is valuable too, and they clearly need a better solution.
*Offer details: If you are a current McAfee DLP customer, Code42 will offer six free months of service to switch to Code42. You must be a new Code42 customer and you must buy a minimum of 12 months of service to qualify for the six free months. This offer is valid through December 31, 2019. Contact Code42 sales at (877) 464-1061, or email firstname.lastname@example.org.
Insider Threat Is Real