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Would Your Employees Sell Company Passwords For Less Than $1000?

By April 11, 2016March 6th, 2023Blog, Cybersecurity

would_your_employees_sell_your_company_passwords_for_a_cool_gYour employees are your biggest, most important, most valuable asset. Everybody who knows anything about business understand that. Unfortunately, your biggest asset is also your biggest liability, at least when it comes to data security. Recently, SailPoint conducted its annual Market Pulse Survey, a part of which explored various aspects and dimensions of enterprise data security, and the results weren’t pretty. Here are just a few of the darkest findings:

More than a quarter (26%) of employees surveyed admitted to uploading proprietary or sensitive company data to a location in the cloud, specifically for the purpose of sharing that data with parties outside the company. More than a third admitted to buying a SaaS (Software as A Service) without the IT department’s knowledge.

Well over half (63%) of employees admitted to using poor password conventions, using the same password across multiple secure applications, and nearly a third (28%) admitted to sharing those passwords with their co-workers.

Those statistics aren’t good by any stretch, but as bad as they are, they don’t represent the worst findings of the survey. In fact, it’s hard to say which of the following is the worst: the fact that 39% of employees report to still having access to a variety of corporate accounts after leaving the job, or the fact that a staggering 56% of employees surveyed admitted that they would sell company passwords for less than a thousand dollars.

Think about that last statistic for just a moment. A robust, top of the line data security system can easily cost your company tens of thousands of dollars. It can be undone by a single employee who’s willing to sell his password for less than a thousand bucks. This represents asymmetrical warfare at its finest, and is one of the biggest reasons why enterprise IT struggles to keep pace with the hacking community. It is simply easier (and cheaper) to destroy than it is to create.

This is not at all to suggest that it’s not worth the fight, but rather, to point out the daunting challenges that lie before you.

Jason Manteiga

Jason J. Manteiga, Vice President of Olmec Systems, has been part of the company for over the past 20 years. He believes that having a great work environment and supportive team, is the ultimate key to success. Since being in the IT realm for over 25 years, Jason, along with Olmec Systems, has been on the Inc. 5000 “List of America’s Fastest Growing Private Companies” and Channel Futures MSP 501 “Top Managed Service Providers in North America,” along with other awards and nominations. Jason earned his Bachelor Degree in Information Systems from the New Jersey Institute of Technology. He also holds certifications in Microsoft MCSE, VMWare VCP, and Cisco CCNA. In his spare time, Jason is a contributor for The Center for Social & Legal Research (Privacy Exchange) and a member of the Morris County Chamber of Commerce. His hobbies include cycling and kayaking. He currently lives in New Jersey with his wife, two daughters and son.