News broke this week about IBM’s latest file leak, where a former employee with access to confidential information regarding IBM’s play in cloud computing technology leaked hundreds of pages of documentation, shedding light on IBM’s weakness within the cloud computing industry. While this is terrible news for Big Blue—which is trying to gain a foothold in the cloud against rivals Amazon, HP, Oracle and SAP—this whole scenario is somewhat ironic. While it is unclear how the documents were leaked, it poses the question of why this anonymous employee was able to access and share the files at all—especially at a tech giant that should be reigning in control of potentially volatile information.
What will the stock price do? I doubt investors will have a positive response.
On the heels of intentional data leaks, such as the NSA debacle, and accidental losses, such as the SFO incident, it is surprising that enterprise and government organizations aren’t taking more precautions in regards to file-sharing. After all, it is files that contain confidential company data, and organizations have the ability to treat the problem at the source. So why do we continue to see file leaks in the headlines week after week? Your guess is as good as ours.
Once a data leak hits the headlines, businesses suffer more than just a dip in their stock prices. The damage to a company’s reputation can result in lost customers and a lack of public trust. See how easy it is to prevent file leaks here.