In this episode of the podcast (#199), sponsored by LastPass, we’re joined by Barry McMahon, a Senior Global Product Marketing Manager at LogMeIn, to talk about data from that company that weighs the security impact of poor password policies and what a “passwordless” future might look like. In our first segment, we speak with Sareth Ben of Securonix about how massive layoffs that have resulted from the COVID pandemic put organizations at far greater risk of data theft.
The COVID Pandemic has done more than scramble our daily routines, school schedules and family vacations. It has also scrambled the security programs of organizations large and small, first by shifting work from corporate offices to thousands or tens of thousands of home offices, and then by transforming the workforce itself through layoffs and furloughs.
In this episode of the podcast, we did deep COVID’s lesser discussed legacy of enterprise insecurity.
Layoffs and Lost Data
We’ve read a lot about the cyber risks of Zoom (see our interview with Patrick Wardle) or remote offices. But one of the less-mentioned cyber risks engendered by COVID are the mass layoffs that have hit companies in sectors like retail, travel and hospitality, where business models have been upended by the pandemic. The Department of Labor said on Friday that employers eliminated 140,000 jobs in December alone. Since February 2020, employment in leisure and hospitality is down by some 3.9 million jobs, the Department estimates. If data compiled by our next guest is to be believed, many of those departing workers took company data and intellectual property out the door with them.