By: Aaron Kim, ITMG Insider Threat Analyst A jury in a New Jersey federal court ruled that British consumer goods giant Reckitt Benckiser LLC did not steal trade secrets from Absorption Pharmaceuticals LLC to make its K-Y branded premature ejaculation… Read More
Insider Threat Blog
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ITMG Insider Threat Cases – June 17, 2022
Former Spring Lake Director of Finance Arrested for Embezzling Nearly Half a Million Dollars in Taxpayer Money The former finance director of the town of Spring Lake was arrested Friday on charges of embezzlement, bank fraud, and aggravated identity theft…. Read More
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ASML Accuses Former Employee of Stealing Trade Secrets
By: Aaron Kim, Insider Threat Analyst ASML, a Dutch company which makes cutting-edge semiconductor circuits has accused a former employee of stealing its technology on behalf of a Chinese corporation. Zongchang Yu worked as an engineer at ASML up until… Read More
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ITMG Insider Threat News – June 17, 2022
Espionage, Profiling and Economic Control Mark Chinese Commercial Companies A two-year crackdown on Chinese entities by enforcement agencies have revealed a web of companies and individuals indulging in espionage, profiling of high value idividuals, large-scale tax evasion and exfiltration of… Read More
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Former Operations Manager Pleads Guilty to a $2.6M Embezzlement Scheme
By: Aaron Kim, Insider Threat Analyst Vika Latai Moa has pleaded guilty to charges related to embezzling millions of dollars from Savino USA, a global logistics and freight forwarding company based in Florence, Italy. According to authorities, Moa worked as… Read More
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ITMG Insider Threat News – June 7, 2022
7 Best Practices for Trade Secrets Protection Many companies across the globe owe their success to some kind of a trade secret. Whether it’s a special ingredient in a grandma’s recipe, a unique knitting technique, or a closed-source software tool,… Read More
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ITMG Insider Threat Cases – June 7, 2022
Lexington Man Convicted of Possessing Stolen Trade Secret From 2014 to 2017, Yu worked at ADI, where he designed microchips used by the communications, defense and aerospace industries. As a result of his work, Yu had access to ADI’s present… Read More
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CEO of Cryptocurrency and Forex Trading Platform Charged for Defrauding Investors
By: Aaron Kim, Insider Threat Analyst The CEO of EminiFX, a cryptocurrency and forex trading platform has been charged with commodities fraud and wire fraud offenses. Eddy Alexandre allegedly solicited more than $59 million in investments from hundreds of individual… Read More
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How Should an Insider Threat Team Balance Security with Privacy?
By: Colin Murray, ITMG Insider Threat Analyst Nobody wants their employees to feel like big brother is always watching, but employees can’t be allowed to do anything they want on their business computer either. Striking that balance is difficult and… Read More
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Tesla Sues Former Engineer of Trade Secret Theft
By: Aaron Kim, Insider Threat Analyst Tesla has filed a lawsuit against a former employee, Alexander Yatskov, who has been accused of stealing confidential information regarding their Project Dojo supercomputer. Yatskov was hired as a thermal engineer in January saved… Read More