Feeds

Ex-HP veep pleads guilty to passing on IBM trade secrets

You're only charged twice

  • alert
  • submit to reddit

Internet Security Threat Report 2014

A former Hewlett-Packard executive has pleaded guilty today for attempting to pass trade secrets from his previous employer, IBM.

Atul Malhotra is charged with a single count of theft of trade secrets, and faces up to 10 years in prison, a $250,000 fine, and three years of supervised release. He entered his plea at the US District Court in San Jose, California.

Between 1997 and 2006, Malhotra worked as director of sales and business development within IBM's Global Services Division.

Prosecutors claim about two months before he left for a new job as vice president of HP's imaging and printing services, he requested an IBM internal pricing document called CC Calibration Metrics.

According to court documents, the material was marked "IBM Confidential," on each page and Malhotra was also specifically instructed to not distribute the sensitive information.

Shortly upon arriving at HP, Malhotra allegedly sent the data in an e-mail to an unnamed senior veep at HP with the subject line, "For Your Eyes Only." Two days later, Malhotra sent a similar e-mail containing the data to another unnamed HP executive.

HP said it took swift action against Malhotra's alleged misconduct.

"HP detected this activity, conducted an internal investigation, terminated Malhotra from his employment, and self-reported the activity to all appropriate enforcement agencies and to IBM. HP has cooperated fully with the government’s investigation," said the company in a statement.

Sentencing is scheduled for October 29.®

Internet Security Threat Report 2014

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.