27 February 2022

Insider Threat: Web 3.0 Wild West...

The Insider Threat is an Operational Risk that will never go away. It is without a doubt going to be a continuous issue for the Board of Directors, Corporate Management and shareholders for years to come. 

Fortunately, justice has recently sent a clear message about the continuous threats of Intellectual Property Theft and more. Whether you have an unknown system admin working against you because they didn't get a raise last year or the corporate espionage ring selling secrets or identities it will continue to increase over time.

"Economic espionage is the act of stealing company trade secrets with the intent or knowledge that doing so “will benefit any foreign government, foreign instrumentality, or foreign agent.” 18 U.S.C. 1831(a)(1). The Act also prohibits attempts to steal trade secrets with the intent or knowledge that doing so will benefit a foreign government. 18 U.S.C. §1831(a)(4). Typically, economic espionage is directed or sponsored by a foreign power seeking to secure sensitive trade secrets or business information from U.S. based persons or entities."

This has to do with the new generation of new employees who have grown up using the Internet and downloading Apps or open source software. It's still the digital wild wild West and the policies and ethics workshops are nothing more than a compliance officers single strategy of justifying their existence. 

The Web 3.0 is changing these employees attitudes about sharing everything. Many of them come to the organization with a profile on Facebook and don't have any qualms about sharing their own private information. The leaks to the press on major M & A deals should be enough evidence that even good old fashioned ethics are in jeopardy.

The Insider Threat in a Web 3.0 world is not only here to stay. It is just getting started...

No comments:

Post a Comment