More than three out of every four employees misappropriate data upon departing a company. According to the U.S. Bureau of Labor Statistics, last year alone over 60 million employment separations took place. This shows the potential magnitude of the problem.
A departing employee can copy substantial amounts of data quickly and discretely using USB devices, smart phones, personal email accounts, messenger services, and cloud services. An employee can access this data from any location after departing.
Employee data theft can cost companies millions of dollars in both hard and soft costs. This includes:
- Loss of Trade Secrets
- Lost Customers
- Government Enforcement Actions
- Public Relations Issues
- Stock Price Reductions
- Insurance Claims
- Costly Litigation
Many of ELIJAH’s clients choose to use our investigative services for higher risk employees immediately upon their departure. Then, there are some businesses choose to take no action due to the perceived cost of undertaking such investigations.
For companies that have sat on the sidelines while potential data loss goes undetected, ELIJAH has developed a fast, lower-cost option to identify the most common forms of employee data theft and determine whether a more complete investigation is warranted.
eCollect is a unique SaaS-based solution that allows companies to quickly, efficiently, and inexpensively examine the most common ways in which employee data theft occurs. eCollect helps protect companies and stakeholders from serious costs & risks and more than pays for itself.
eCollect highlights include:
- Quickly and inexpensively unveil suspicious data activity by employees.
- View thumb drive insertion and file access history in seconds.
- No software to install or maintain.
- Secure web-portal for viewing current and historical reports.
- Maintain employee privacy.
Early detection of employee data theft is now a critical function for any business. Contact ELIJAH today to learn more about eCollect and how we can help identify employee data theft.