Corporate data theft cases in the UK have doubled between 2006 and 2008
Analysis by law firm Mishcon de Reya and KPMG shows that corporate data theft cases in the UK have doubled between 2006 and 2008
In the current uncertain times, the theft of business sensitive and confidential information by employees is a real threat to companies. With redundancies being made across all sectors in the UK along with rising job insecurity, more and more employees are using the confidential information they have obtained with their current employer in order to give them the edge in the increasingly difficult job market. In 70% of the analysed cases, the perpetrator(s) were employees who moved to work for a competitor company.
Furthermore in 75% of all cases analysed, the data stolen was customer or client-related information (relating to customer relationships, levels of trading, pricing information, profit margins and so on) or customer lists. Financial information, such as management accounts, business plans, projections and forecasts represented 14% of thefts.
