One of the biggest concerns of any employer in the digital age is the ease with which employees can become distracted, wasting their time browsing Facebook, which in turn is wasting your time – and your money. But a new studies shows employers may be (a little bit) more lenient when it comes to giving employees a break.
The world’s 10 largest economies lost $445 billion USD annually through cyber-crime last year. Concerned about cyber security? You’re not alone.
Fewer than 10 per cent of companies currently purchase cyber-specific insurance policies, suggesting businesses are ill-prepared to face the growing threat to intellectual and data property rights.
A new report from Allianz Global Corporate & Specialty (AGCS) indicates the global cyber insurance market is forecast to grow to more than $20 billion USD by 2025, a compound annual growth rate of over 20 per cent. The bulk of that increase will be felt in North American markets, according to the report.
The risks to businesses from the worldwide web has increased exponentially year to year, with companies reporting it as the fifth largest risk in this year’s “Allianz Risk Barometer”, compared to its 15th place ranking just two years ago.Read More
This is Part 2. Part 1 “Offboarding Right” of these series is posted here
Think all this worrying about disgruntled employees might be a bit overblown? Perhaps you recall the Sony security breach from a few months back wherein a ton of company data got turned over to North Korean hackers. The company is still picking up the pieces from that one – and analysts believe it all started with a combination of outside threats and an internal employee breach.
You’ve done all the right things to protect your network from both insider threats and outside hackers. Employee computer monitoring is just one of the tools you’ve used to keep your intellectual property (IP) safe, along with antivirus software, a properly set-up firewall and other bits and pieces put together by your IT team. But one area where companies seem to still be vulnerable is with leaving openings to former (and potentially disgruntled) employees.
It’s almost like a natural law: let kids use computers and they will get into some kind of trouble. Playing video games after the homework is done? Probably fine. Playing those games at any time of the day or night and watching their grades slip? Not so much. “I like to be able to control the amount of time my son uses certain applications,” says Jillian Darlington, CEO of the MomCo App, illustrating the common problem. “If I didn’t have this control, it can get out of hand and he could play video games for countless hours. I am glad that there are options like this out there for busy parents like me.”
Companies have rights, such as being able to ensure that their employees are performing the work they’re being paid to do. They have the right to take measures to protect their ‘secret sauce’ or intellectual property. That said, employees working in a company have a reasonable expectation of privacy. How does that square with companies using employee monitoring software?
If your employees aren’t being productive at work, maybe the problem isn’t starting with them. Maybe it’s your management style. No offense, but we often find that our customers start looking for an employee monitoring solution before they’ve dealt with longstanding internal management issues that have soured the workplace for far too long.