"In July, a former Intel engineer who admitted taking trade secrets to a new role at Microsoft received two years' probation and a fine of over $34,000 by an Oregon court. Varun Gupta, who had served at the chip maker for over a decade, left in January 2020 but not before copying confidential files containing presentation decks and sensitive business data. Reports at the time of Gupta's sentencing show this included PowerPoint presentations outlining the company's pricing strategies."
"Speaking to ITPro, Josh Kirkwood, senior manager for CyberArk's field technology office, said the incident once again highlights why offboarding has become a perilous process for enterprises. "It's all too common for departing employees to walk away with sensitive company information, whether intentionally or simply because access to systems and files isn't revoked quickly enough," he said. "The offboarding process has long been a weak spot for many organizations. It's clear that a shift is needed. Offboarding should not just be an afterthought," Kirkwood added."
Offboarding poses significant risk as departing employees frequently leave with sensitive data when access is not revoked quickly. A recent case involved a former Intel engineer who copied confidential files and took trade secrets to a new role, receiving probation and a fine. Security and HR teams must collaborate to secure accounts and assets during exits. Experts warn that offboarding is often treated as an afterthought and remains a weak spot. Remote and hybrid work increase opportunities for ex-employees to remain connected to systems, raising the likelihood of sabotage or data transfer to competitors.
Read at IT Pro
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