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Thursday, January 29, 2009

When the going gets tough, the bad get going

Former disgruntled Fannie Mae Employee and Unix engineer Rajendrasinh Makwana, 35 is not the kind to just pack up and leave quietly. After being fired from Fannie Mae, Makwana was apparently pissed off…very pissed off. Proving that you can be highly intelligent and still be stupid before packing off for one last time from his workstation, he proceeded to imbed malicious code on Fanny Mae servers, which had it kicked into action like it was supposed to on January 31, would have destroyed data on all Fannie Mae servers. The script was thankfully spotted by chance before it went off. For his little stunt he is now facing up to 10 years in prison, though currently out on a $100,000 bail. Well done genius.

In a recession, companies are often forced to take steps that leave a broad wake of unhappy and stressed workers, and according to a global survey, disgruntlement-driven damage is the No. 1 security worry of IT decision makers. The studies estimated that data theft and cybercrime breaches last year cost businesses worldwide more than $1 trillion in data loss and recovery expenses, and it warned that companies are more vulnerable now than ever. This could be a wake-up call because the current economic crisis is poised to create a global meltdown in vital information. Increased pressures on firms to reduce spending and cut staffing have led to more porous defenses and increased opportunity for crime. The economic downturn across the board is motivation enough for those who harbor hostility towards their ex-employers for their current sorry plight. It could be possibly on a lot of people's radar right now.

No. I don’t work for a IT security solution provider and have no vested interest other than to spread a word of caution.

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