Teemu Airamo started his new company WeWork in Manhattan. He had one major priority: to scan the building’s Wi-Fi network. At May 2015, WeWork was getting contracts and executing very sensitive documents. A hack could halt the progress. However, when the records and sensitive information of many companies’ were visible on the building’s network, Airami was beside himself with fear.
After thorough scans, it was revealed that more than 658 devices, including computers, servers, and many more which were latched on WeWork’s networks, leaked and spilled a gigantic amount of data.
It was brought to light in August by a Fast Company report which was a bad time for WeWork. WeWork had to postpone its first IPO due to investor worries. It was a huge blow for WeWork
Fixes And Next Steps For WeWork
Public Wi-Fi is always a concern because of security risks. Therefore people are skeptical when accessing it in airports, lounges, and cafes. The stakes evolve to a huge level when we have multiple companies accessing it. On the WeWork’s website, though access to speedy net was written however there was no mention about security. Massive information would further be at risk due to the password leak. It appears in simple plain text on WeWork’s app.
Two loan companies had faced major ramifications due to the leak over WeWork. An insurance company based in Connecticut names as Axa XL, though never had an office in the same building but faces leaks throughout their systems.
The potential fixes would put a dent in WeWork’s budget. WeWork needs to work on security integration and safety. Moreover, as a startup trust is one thing you need to cement among your clientele to survive in the long run. Therefore making security protocols stricter with larger protection is probably the way to go for WeWork