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ARTICLE · 10 OCTOBER 2008

Batten Down The IT Hatches When It Comes To Exiting Employees

Duane Morris LLP
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Companies apparently need to be afraid - very afraid - and must be very careful when dealing with exiting employees who have knowledge of corporate information technology.

United StatesEmployment and HR
Eric Sinrod
Eric Sinrod
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Reprinted with permission from FindLaw.com

Companies apparently need to be afraid - very afraid - and must be very careful when dealing with exiting employees who have knowledge of corporate information technology.

Indeed, according to a recent survey by Cyber-Ark Software, as many as 88 percent of IT administrators, if laid off tomorrow, would abscond with sensitive company information. Such information includes high-level and privileged passwords, customer databases, R&D plans, financial reports, HR records and merger and acquisition plans.

Privileged password lists are particularly problematical, as they provide the keys to unlock access to information residing on corporate networks. And of the group that said that they would abscond with company information, one-third stated that they would take the privileged password lists.

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