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Conspiring Against Your Employer? Watch What You Email
Eric Giguere writes "In a story that has Bay Street (the Canadian equivalent of Wall Street) in a kerfuffle, the Globe and Mail writes that bank employees defecting to set up a rival investment firm didn't realize that their employer could easily track the emails and messages they sent and received, even when they're sent via a nominally-secure system like RIM's BlackBerry. In particular, the employees were assuming that the messages they sent via direct PIN-to-PIN communication (a PIN uniquely identifies a BlackBerry device) weren't trackable. But if they're on the device, they're available to the employer to see. The employees may also have thought that PIN-to-PIN messages are encrypted, though RIM has always said that they're not -- it's only the connection to the corporate email server that is secure. A lot of damning information pulled from those emails and messages has made its way into a lawsuit."
Honestly now, any communication that passes through any computer controlled by your company can be seen. Even if they were encrypted, if, at any point they are EVER stored outside of volatile memory unencrypted, they're available.
If you're doing something with their resources like plotting against them... well...
Alito: A vote for Alito is a punch in the eye to put that bitch back in her place!
"A lot of people on the Street are going to have a few sleepless nights, going through loads of e-mail to delete them when they hear about this case"
Although an employer sometimes can go through the emails on your harddrive, I think what the people in this article don't realize is that it sounds like emails are being intercepted at the server level. Who is stupid enough to use company email to conspire against the company? Setup a freakin gmail account and talk about it at home!
I'm sorry, but I feel no pity for people being caught this way. Its very clear when you start working somewhere that the computers you use are the property of the employer, and you should expect no privacy from these machines. They used company owned BlackBerries because they thought it would be secret (implying that they knew other company computers were not). If you use something company owned because you think it is secure, while other company propery is not secure, it just shows you dumb enough to be caught. If they were so concerned about their privacy, they should not have used any company property.
These people are in charge of your money, folks.
They are idiots for two reasons.
First, because they clearly acted unethically, which is the really big idiocy. I run my own company and rule number one is due diligence. I am not going to screw myself by doing something that could bite me in the ass further down the line.
It's astonishing how many investment guys simply don't get this. I have literally had my own investment guy sit there and tell me that a particular investment 'cannot lose', in the presence of his lawyer -- who looked very uncomfortable and was forced to intervene by saying "Look, you cannot say that".
Second, anyone who uses unencrypted email on a server they do no control, ESPECIALLY if it belongs to someone they are screwing, deserves to spend the rest of their productive years flipping burgers, or possibly stamping licence plates.
I'm not wrong. You haven't thought about it hard enough.
Investment firms must catologue all emails for compliance and SEC inspection, in fact they must be kept for years. All transmitions including company issued handheld devices are monitored by this automated system at most firms. So if their canadian counterparts have to do similar things this is to be expected and they have a record of all of your emails for years probably.
Comment removed based on user account deletion
I don't condone what they did, but there's no loyalty on EITHER side. Sure they write you a check, but most employers won't think twice about firing you if it suits their financial interest. If you're not getting loyalty, you tend not to give it back.
I admire loyalty, but there are situations where it's not warranted. Most corporations have chosen not to give or reward loyalty, so they get back in turn.
Loyalty still means something, but it may not be what you think it means.
Look, these people were dumb, that much can be argued. They were dumb for using a monitored service to do this, and they were dumb for (ostensibly) stealing their company's resources for the purpose of setting up a competitor.
However, you need to decouple this from the loyalty argument. The loyalty you need to have is not to your company any more. Are they loyal to you if business turns sour and they have to start slashing the payroll? Hell no. The corporate sinecure is dead. "Ma" Bell doesn't evince the image of a benevolent mother any more.
The kind of loyalty you should have is to your projects, to your work, to you as an individual and to your Rolodex (or electronic equivalent.)
If you live every day as if you might be laid off, working on projects that will escalate your worth and making sure that lots and lots of people know what kind of value you contribute, then you'll be better off; your customers (those who are the beneficiaries of your projects) will be better off, and your company will be better off.
And if things should turn sour, then you shrug your shoulders, get your Rolodex out and start calling.
So instead of "Logo Loyalty" you should cultivate "Rolodex Loyalty" (thanks, Tom Peters.)
Mit der Dummheit kämpfen Götter selbst vergebens.
Yea, damn Canadians. At least loyalty still means something in America.
"I guess loyalty has gone the same way as traditional family values and faith in God."
Ahem.
Over 80% of the nation's population is Christian.
The are blue laws to prevent the sale of alcoholic beverages during certain days (Sunday) or completely in roughly 80% of the United States.
There are over one hundred cable channels nationwide devoted entirely to Christian programming.
Nearly very company in the U.S. is closed on Christmas.
"In God We Trust" is printed on all U.S. money.
And yet, every day someone claims religious persecution of the Christian religion.
The naive emails were being exchanged for the purpose of starting an investment company! would you give a nickle to a banker or broker who was that clueless?
it would cost the employer less to take out an add in the financial section pointing out that the upstart company was demonstrably dishonest and joining a competitive race with its intellectual pants down around its ankles than it would to sue the dummies.
SLASHDOT: news for people who can't concentrate on work or have no life at all and got tired of yelling back at the TV.
I just started my own company, directly competing with my previous employer. I spent nearly eight months on their payroll while I began up my own business and sought projects of my own. Here's what I learned:
1. Don't stab anyone in the back (burned bridges, insert your favorite cliche). It can come back to hurt you.
2. Don't give your bosses a reason to be unhappy with you. Work just as hard - or harder. If you're valuable to the company, leaving them will be more painful (and can produce a more profitable situation for you).
3. Encrypt every email, instant message, and web transaction that deals with your activities. Don't assume anything is safe unless you're actively doing something to ensure its security or you can verify it easily (SSL, for instance).
4. Regularly scan your machine for viruses and spyware. Use a packet sniffer to see if you're sending anything unexpected. Look through your machine to see if there are programs installed that shouldn't be there... is your company spying on you?
5. Don't use their phones. Upgrade your damn cell plan and use that.
6. Take advantage of non-company resources for communication and whatnot. Find a decent webmail provider with SSL enabled.
7. Make sure any contract or agreement you signed isn't going to come back to bite you. If you signed a non-compete agreement or whatever, don't assume it's invalid or that they won't pursue it. See a lawyer BEFORE you have legal troubles in this area.
As others have complained, there are loyalty problems in this country. I used to love my job, love my work, and love the company. Some things changed, and while I still love the work I no longer enjoyed anything about the company. Many attempts to change it from within failed. When your boss is taking advantage of you, you need to re-evaluate. When you're stuck in a dead-end, you need to re-evaluate. When you get the line, "if you don't like it, then find somewhere else to work," the time for re-evaluation has passed and it's time to end that part of your life.
Employers aren't loyal to employees any more than we are to them. I heard stories of pre-1980s-boom-and-crash Japan, where a failing company's president would give everything he had back into the company to keep it going as long as possible...and if it wouldn't work, he'd split the cash from his shares, pay, etc. among the employees. This was in return for the lifetime loyalty you gave to the company.
Most large institutions have a BES, yes, but not all of them have the Mobile Data Service (MDS) enabled, which is what you'd need to run something like that. Without MDS, the BES is really only about getting email and PIM stuff in and out of the corporate mail server.
Eric