Layoffs - an opportunity for bad actors

Every day, it seems, there is a new announcement of a company forced to do layoffs - most notably in the tech and media sectors. With layoffs comes the threat of a disgruntled employee taking important company information with them when they go. How can companies minimize the risk of data exfiltration by current or ex-employees?

Massive layoffs are a huge opportunity for bad actors and someone who has just been laid off may be a prime target for an incentivized offer for information. Experts say, "Organizations have spent most of their resources on protecting themselves from external cyber threats. But what happens when the adversary has a set of keys and can stroll right in?

Layoffs can have a significant impact on employee morale within an organization. The uncertainty, fear, and stress surrounding job security and the loss of colleagues can create a challenging work environment.

Increasing layoffs can create opportunities for bad actors in a number of ways.

First, layoffs can lead to a decrease in security. When employees are laid off, they may be more likely to take sensitive information with them, or they may be more likely to be targeted by hackers.

Second, layoffs can lead to a decrease in morale. When employees are laid off, they may be more likely to be stressed, anxious, and angry. This can create an environment where bad actors can thrive.

Third, layoffs can lead to a decrease in oversight. When employees are laid off, there may be fewer people to monitor for bad behaviour. This can create an opportunity for bad actors to operate without detection.

A report states :

· 69% of employees are more likely to take data right before they resign

· Unauthorized data transfers the day before employees were fired increased by 23%

· There's a 109% increase in unauthorized data transfers the day of termination

Protecting information during mass layoffs is important to prevent data breaches and other security incidents. Remember, every organization is unique, so it is crucial to tailor these recommendations to your specific needs and seek professional advice if required.