Last week, the documentary of UK’s Channel 4 (The Data Theft Scandal) created huge media attention. Well, that time, some Indian IT leaders stated that India was safe and it was a conspiracy against Indian IT industry carried out by some vested quarters. I wonder what NASSCOM leaders would say now about the ACME Tele Power incident. This company has suffered data theft and it is going to leave India.
“After registering a case against an employee who had allegedly stolen data, the Gurgaon-based IT firm Acme Telepower Management waited for something to happen. A week later they have decided to stop operating out of India and move to Australia.
It seems like this is the beginning of a domino effect, even as India's antiquated police force tries to deal with new age crime like data theft.
Acme Telepower is claiming a national loss of Rs 750 crore. They are saying it's all because an ex-employee named Sachidanand Patnaik who allegedly stole research and handed it over to his new employer - a competitor in the power industry solutions space.”
Risks of Offshoring IT Services are very evident to most managers. Smart managers learn to mitigate the risks....Including risk to data.
Wonder why such risk was not mitigated in this instance?
Posted by: MB | October 14, 2006 4:44 PM | Permalink to Comment