Biswahoman Pani worked for Intel. Claiming to miss his wife, he requested a transfer from California to Intel's Hudson facility where she worked. That same day, when the request was granted, Pani turned in his resignation and announced that he'd be taking vacation for his last two weeks at the company. His new job would be with a hedge fund. But as an FBI document reports, Pani wasn't going to a hedge fund. He was actually hired to work at AMD. And he spent the next two weeks with his Intel-networked laptop collecting confidential designs. (link)

 
 

Spam (and the malware it contains) may be a tremendous concern to most IT companies, but information from a new Trend Micro survey suggests that it has become more of a managed concern, and is being superseded as a top priority threat by another issue: data leaks. While they may or may not be intentional, data leaks have the potential to expose thousands or even millions of records to theft.

Despite growing concerns over data security, Trend Micro reports that only some 46 percent of companies even have leak prevention strategies in place. That's surprisingly few, given the string of high-profile data losses in the past 12 months. Some of these incidents might seem to focus more on device loss and less on data leaks, but in many incidents, the occurrence of one automatically results in the other. If the FBI loses 160 laptops, it has effectively leaked all of the data they collectively contain into the public domain. (link)