Former employees can pose a significant threat to your organization’s cybersecurity arrangement. The statement proves accurate in a recent incident filed at San Jose federal court. In this article at the Register, learn how a cybersecurity loophole encouraged a former Cisco employee to damage over 16,000 WebEx Teams application.
About the Incident
The accused, Sudhish Kasaba Ramesh, admitted that it was a deliberate attempt to impair Cisco’s internal network. To exploit Cisco’s internal system, he installed code from his Google Cloud Project account. The shot hampered the company’s cybersecurity procedure and caused the erasure of 456 virtual machines (VMs).
According to the US Department of Justice (DoJ), Ramesh would be serving five years in prison and pay up to $250,000 in fine. He has been released on bail of $50,000 right now.
Repercussion on Cisco
Apart from denting the company’s reputation, the incident incurred a whopping $1.4 million to Cisco in employee costs to fix the damage. Moreover, the victim has to pay over $1 million as a refund to affected customers. Luckily, the company has not lost any confidential client data. In a media announcement, the official Cisco spokesperson disclosed that the company has initiated required actions to avert relapse of such incidents. The court prosecution would take place in December 2020.
Click on the following link to read the original article: https://www.theregister.com/AMP/2020/08/26/former_cisco_engineer_aws_webex_teams/
