|rFor instance, a former bank credit card department manager of Eastern Virginia Bankshares was identified and sentenced for bank fraud and identify theft totaling $65,000. He used a stolen access device and identifying information to withdraw money from someone else’s account. After the credit card account was closed, he reopened it under a new name and address and continued to tap the account for cash and purchases.
In another breach, a former IT director accessed the computer network of LifeGift Organ Donation Center in Houston after he was fired. Although previous administrative rights and access were revoked, the employee was able to repeatedly gain unauthorized access to the LifeGift network through a remote connection and deleted database files and software applications and backups relating to LifeGift’s organ and tissue recovery operations. The financial loss due to this intrusion was more than $94,000.
In an incident that escaped national headlines, a rogue IT computer engineer from Fannie Mae mortgage discovered he was about to be let go and planted a computer time bomb that was set to erase all the financial data and backups from the company’s systems. His credentials were not yet revoked when he appended malicious code to a legitimate script that would have replaced the data with zeros. Fortunately, the malicious script was discovered by a senior technician a few days after the engineer was fired. This incident would have caused millions of dollars in damage.
Know who has access to what data when letting go employees and terminate their accounts and all access before they have the opportunity to do damage. Be aware of what data is being accessed, if at all possible.
We know data security is an ongoing effort and takes many forms. Let NCX guide you in protecting your organization against inside and outside threats. Our security professionals are highly credentialed and our services are very competitive. We welcome your call for a quote on your specific needs.
For more information about our services or for a free consultation on how our experts can help you secure your data at a price that will fit your budget, call us at 888-448-5451 or request a representative to call you.
NCX Group, Inc. is a leading information risk management firm specializing in the assessment and mitigation of risk associated with today’s technologies and business processes.