The headlines this week makes reference to a fairly minor theft of healthcare records at a Los Angeles Clinic. The incident involved a janitor selling 14 boxes of computer reports for $40. The theft exposed 30,000 patient records. Although minor, this incident highlights several major issues that we have covered in our blogs over the last several months.
First, the possibility of a data breach caused by a trusted employee should be on every CEO’s list of threats that could cause significant harm to their business. The 2010 Verizon Data Breach Report states that 48% of data breaches occur as a result of employees stealing confidential information. That’s a 26% increase from 2009. The primary motivation for stealing highly confidential information is typically personal financial gain. There should be little doubt that many employees are feeling the impact of the recession and selling confidential information to your competitors or other more sinister buyers such as organized crime could provide a means for holding off the creditors.