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Case Study 8: How a Company Avoided a $2.3M Data Loss

Our client Mike

- The head of a company that specializes in the development, manufacture and sale of monitors, industrial computers and displays.

Problem

Over the past year, the company has been developing an explosion—proof computer, an innovation that can find applications in many fields, including rocket science. It took a year and about $195,000 to develop, test, and assemble the computer.

When one of the engineers left the company, he took away an archive weighing about 900 megabytes, which contained all the drawings, documents and development data.

If he sells this information to competitors, then in addition to $195,000, the company will lose possible profits, since some customers may buy the development from competitors.
According to the company's analysts, the lost profit may amount to about $2.3M

Plus, Mike noticed that the development deadlines for new units began to constantly shift, and this threatened the company with disruption of deliveries and loss of profit.

Mike tried to talk with department heads to find out the reason for missed deadlines, introduced fines for overdue projects, but the situation remained the same. The invention of new technologies and the modernization of current ones were greatly delayed, and the number of sales fell rapidly.

Finding a solution

To find out the reason for the drop in profits and prevent a repeat of the theft of intellectual property, Mikhail thought about possible solutions.

Familiar businessmen who, over the years of management, have to one degree or another encountered the theft of corporate information, spoke about the existence of special programs. These software help in timely detection of suspicious actions of employees.

Solution

The head of the company approached the issue thoroughly. He contacted several companies that develop and install workplace monitoring and control programs. One of them was INSIDER .

As Mike later said:

“I chose INSIDER for easy implementation, simple management and the ability to control affairs in the company from a phone from anywhere in the world.”


Results

After implementing the personnel monitoring program, Mike saw the real state of affairs in the company.

Employees, instead of performing their duties:

  • watched entertaining videos on YouTube;
  • scrolled through the news on the Internet;
  • someone managed to play tanks.

At least it became clear to the manager why the projects were not being delivered on time. No boss wants to pay for time spent on entertainment. But there is still lost profit due to untimely completion of tasks.

Therefore, Mike held a meeting at the company, where he announced the blocking of entertainment programs and sites. When employees stopped going about their business at the workplace, they began to close projects in a timely manner and the company's profits began to grow.

THE INSIDER revealed painful issues that have to be resolved - the dishonesty of some employees, the useless waste of working time. But recognizing the problem is already half the success.

According to Mike, after installing INSIDER , he found peace of mind because he did not have to worry about the developments of his company.

Thanks to the functionality of the software, he will be able to prove copyright of future inventions in court and promptly learn about suspicious actions of employees.

The history of this company is a typical example of how to increase productivity and prevent intellectual property theft. INSIDER has already ensured information security in more than 18 companies.

Don't wait for information to be stolen from your organization!

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