How to steal a billion?

November 16th, 2007 by Agent Smith Data Theft, In The Spotlight

According to a report by Korea Times, two top execs from a Korean company stole key data and trade secrets worth of more than 1.8bn (!). The confidential data was stolen using those common USB drives you all know where they transfered more than 900 documents while working at the office.

The key data include blue prints to building electric power generation and desalination plants, which are Doosan’s forte especially on overseas markets. It is the world’s biggest developer of desalination plants with a global market share of about 46 percent.

The company expressed concern saying that the value of the technological know-how leaked by the two to STX could be at least 1.7 trillion won. “But considering the years of work we’ve put into developing those technologies, it could be worth a lot more,” said a Doosan official.

Read about this also on DarkReading’s report on the case. And protect your data more carefully from now on, it could happen to you too.

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