Insider Data Theft – a Costly Proposition

[this post is from Nerd Dennis Houseknecht]
Ten million dollars costly – to be exact. And that was for only 300 records stolen by a Bank of America \”insider\”.
Many or most of businesses have sensitive information on their networks – often in the form of employee records or client / patient records. Do you know who has access to these records? The cost may net be $10 million, but the employer is a custodian for that information and can be sued if it is compromised.