As businesses digitalize further, the chances of leaks, data theft, and confidential information finding its way into the wrong hands, increases. This is evident by the sheer number of cybercrime that is reported every single day. Almost every major technology company has had its fair share of data loss, and the day isn’t far when small to medium-sized businesses would need safety nets to ensure this doesn’t occur in their premises.

1. Tips for
Businesses to
Minimize
Employee Data
Theft Instances

2. Employee data theft is a
specific insider threat
where a malicious
insider steals data from
the current organization
for monetary gain or a
competing company’s
benefit.

3. What makes it a Big Problem?
The biggest issue companies’ face is detecting who the bad actors are
within their organization. They have access to intellectual property (IP)
that is valuable to your competitors.

4. The challenge for
organizations is drawing the
line between productivity
and security.

5. How do you
balance the
need to trust
your employees
and the
security of your
data and IP?

6. Most companies take
this route and have
company property
(including phones and
laptops) installed with
remote monitoring
software. Xnspy is one
such popular tool.
One popular way is to instill a
culture of surveillance.

7. Xnspy and similar apps work by constantly collecting data on the
device installed through keyloggers, and the business owners can
routinely use them to check for any ongoing suspicious data
collection or theft

8. Perhaps most importantly,
businesses need to identify valuable
IP and safeguard it. Establish a data
classification policy that accurately
identifies and categorizes data so
you can prioritize your data security
strategy.

9. Once you have
established what your
important data looks
like, you need to address
who needs access to
that data. Pro tip: It’s not
“Everyone” or
“Authenticated Users.”

10. Data security
monitoring and
behavior analytics can
help shed light on
potential data security
policy violations
before the incident
becomes employee
data theft.

11. Train your employees on
the data security policy
when they join the
company and offer
refreshers yearly.

12. The consequences of
neglecting data security
can be costly to
businesses. Have critical
safeguarding techniques
and action plans for when
theft occurs, can be
valuable safety nets for a
business.