The Boston Herald has details on a bank executive who resigned and then left with thousands of documents belonging to his former employer, Boston Private Bank & Trust Co.

In a suit filed in U.S. District Court on Monday, Boston Private Bank & Trust accuses former lending executive Todd Rassiger of stealing proprietary information that benefits his new employer, First Republic Bank.

The 24-page lawsuit alleges that before his resignation from Boston Private Bank & Trust Co., Rassiger attached personal USB flash drives to his bank-issued computer and downloaded more than 1,500 documents, many of which included highly confidential and proprietary information.

These days, companies need to be concerned with both external cyberattacks as well as the threat posed by insiders who have access to sensitive data.  Our recent post highlights the need for endpoint security, which can block personal flash drives and keep an audit log of which files are downloaded. 

We also highly recommend remote management capabilities for all portable devices like smartphones and storage devices.  Kanguru's Remote Management Console can be used to instantly revoke device access from employees who are leaving the organization.  Their company-issued USB drive will be remotely disabled or deleted the next time it's plugged in.

Written by Kanguru — October 31, 2012

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