This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

WikiLeaks: Protection From an 'Inside Job'

Stocks in this article: MFESYMCORCLIBMSAPCSCOJNPR

NEW YORK ( TheStreet) -- Much has been written recently about the WikiLeaks disclosure of hundreds of thousands of sensitive government documents and cables.

And despite a new method of distributing such massive amounts of information in this instance (via the Web), should anyone really be surprised this happened? In fact, the whole WikiLeaks event speaks volumes about how truly un-serious the U.S. government is about security (or worse, incompetent).

This is not a new exposure area, as companies have been dealing with "data leakage" problems for years. And it's not as if there aren't lots of tools available that can track document access, allow only certain users to view/read/copy files, lock down repositories, etc. Security companies like McAfee (MFE) and Symantec (SYMC), and many of the major app platform vendors like RSA (a unit of EMC (EMC)), Oracle (ORCL), IBM (IBM), SAP (SAP), et al., have leakage-prevention capabilities.

The government ignored these capabilities to its detriment, and we believe many organizations large and small do so as well. The WikiLeaks event sheds light on a major security issue with huge implications for enterprises and not just for government agencies. The fact is that the highest probability of data loss or exposure will result not from an outside attack, but from inside your own organization.

Right now, the government thinks the leaked documents is the work of a single person -- a U.S. Army private who was able to access millions of files and easily copy them to a CD or flash drive. And it's very likely that in your enterprise, there are many individuals who could easily access private and sensitive corporate data too, which is companies' most valuable (and private) asset.

In fact, it's amazing how lax data-access rules are in most companies, despite the many regulatory compliance requirements (e.g., SOX, HIPAA). And if someone unauthorized did access sensitive files, would your organization even know about it?

There are steps enterprises should take to avoid being the next victim of WikiLeaks (which now says it will start releasing corporate documents as well). The most critical lesson to be learned from WikiLeaks is, trust your employees, but verify they're not doing something they shouldn't. The vast majority of employees will be ethical. But occasionally, there will be one that isn't and those are the ones organizations need to protect against.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs