Insider threat has been an issue for many years, but the consequences of these events have a strong and long term impact on your business.
If competitive advantage isn’t enough reason to protect sensitive data, how about the legal costs?
The risk posed by insiders is again, in the spotlight as Anthony Levandowski, a founding engineer at Google’s autonomous vehicle project, now known as Waymo after it was spun off in 2016, is convicted and sentenced to 18 months in prison. After 3 long years of legal proceedings where Levandowski was charged with stealing trade secrets by downloading 9.7 GB of confidential files, he was sentenced to 18 months in prison and ordered to pay over $178 million in fines to Google.
Justice Served for Trade Secret Laws, But Levandowski’s Actions Have Significant Collateral Damage
Levandowski founded Otto, another autonomous vehicle technology company, after leaving Google, which was acquired shortly thereafter by Uber. A year-long legal battle ensued with Waymo claiming damages of $1.9 billion. A guilty verdict against Uber could have delayed its own self-driving initiatives for years.