The Risks Of Employee Layoffs And What You Can Do About It?

Sep 16, 2020

When you are in a small boat, you can see who’s paddling hard and who’s looking around.

 - Ev Williams

 

Let me start with a story about a former cisco engineer…

An ex-Cisco engineer broke into Cisco systems without the company’s permission. The incident occurred five months after he resigned from his position as an engineer at Cisco.

During his unauthorised access, he admitted that he deployed a malicious code from his Google Cloud Project account that resulted in the deletion of 456 virtual machines for Cisco’s WebEx Teams application, which provided video meetings, video messaging, file sharing and other collaboration tools.

As a result of this incident, the 16,000 WebEx Teams accounts were shut down for up to two weeks, which caused Cisco to spend approximately $1.4 million to restore the damage to the application and refund over $1 million to affected customers

The incident points to a serious insider...

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