Wednesday, February 24, 2016

Business Espionage: A Tale of Two Companies

Recent news that a former BlueScope Steel software development manager has been accused of downloading a trove of company documents over a four-year period before being made redundant, should have board level executives at all organizations concerned.

BlueScope Steel is the latest in a long line of companies to experience a serious data breach as a result of corporate espionage.

In another example in the US, ride sharing service Lyft is suing a former employee for allegedly stealing secret documents before joining rival Uber.

Lyft’s former chief operating officer, Travis VanderZanden allegedly downloaded private financial and product information before leaving the company to become Uber’s vice president of international growth...