Unfortunately, as with most things, there's a potential downside. Recently, a security researcher named Avinash Jain discovered more than 8,000 publicly accessible Google Calendars, searchable via Google's own search engine. Many of these calendars contain sensitive information (which is bad enough), but worse, they allow any user to add new events that can cause real harm to the system hosting the calendar. This is done via maliciously crafted events or poisoned links.
As Avinash Jain reports:
"I was able to access public calendars of various organizations leaking out sensitive details like their email IDs, their event name, event details, location, meeting links, zoom meeting links, google hangout links, and much, much more.
This is more of an intended setting by the users and intended behavior of the service. The main issue however, is that anyone can view anyone's public calendar, add anything on it - just by a single search query without being shared the calendar link.
Jain goes onto say that several calendars belonging to many of the top 500 Alexa company's employees were made public, which is certainly cause for concern.
This most recent finding adds to the chorus already warning of the dangers of calendar sharing. Just a few months ago, researchers from Kaspersky Lab discovered scammers abusing Google Calendar in a variety of ways. For example, there were phishing scams that contained poisoned links masquerading as google calendar event links.
Stay vigilant and be sure you have all employees check their Google Calendar security settings so you're not revealing more than you intended to.