Industry Insights

The Rise of Unemployment and Insider Threats

5 min Read

Code42

May’s unemployment numbers are in. Some sources pinned May’s rate at 13.3%, down from 14.7% in April. Others are questioning the accuracy of these results and expect upsides to be squeezed by future revisions. While there are clearly differing opinions about the “real” unemployment rate, there is no question about the volatility that remains in the job market.

The sheer magnitude of job losses over the past few months is raising the stakes around insider threats for many organizations. It’s no secret that when employees leave jobs they take data with them. In fact, according to Code42’s 2019 Data Exposure Report, 63% of workers admit to bringing data from past employers to their new jobs. And, in the 2020 Data Exposure Report, 75% of respondents say that their new employer did not ask them if they had brought data from their previous employer.

In a recent Dark Reading article by Joan Goodchild —  10 Tips for Maintaining Information Security During Layoffs — Code42 CISO and CIO, Jadee Hanson and other industry leaders weigh in on security best practices when employees depart. 

Article excerpt:

“While security executives are on the same page about the importance of locking down a laid-off employee’s network access, their approach regarding how it should be handled differs.

“’Don’t rush to cut access or push people out without the ability to collect personal files,’ advises Jadee Hanson, Code42’s CISO and CIO. ‘If you all of a sudden start treating your employees poorly, you should prepare for damage to be done to your company.’”

For more industry perspectives, read the rest of Dark Reading’s article here: 10 Tips for Maintaining Information Security During Layoffs

Code42