Nine Things You Need to Know About Insider Threats

Nine Things You Need to Know About Insider Threats

Types of IncidentsTypes of Incidents

35% of organizations have experienced at least one insider threat, with the following breakdown (the total does not equal 100% as some respondents had more than one type of incident): Data leak: 49%, Fraud : 41%, Data breach: 36%, IP theft: 16%

Who Discovers Insider ThreatsWho Discovers Insider Threats

Insider threats were uncovered by: IT department: 41%, Coworker: 34%, Security team: 18%, Partner: 6%, Customer: 1%

Average Financial ImpactAverage Financial Impact

Losses from insider threats most-often cost less than $50,000: 70% of respondents report financial losses of under $50,000, 17% suffered losses of $50,000 to $100,000, 6% lost $100,000 to $500,000, 4% lost $500,000 to $1 million, 3% lost over $1 million

Reasons for Lack of PreparednessReasons for Lack of Preparedness

61% of organizations say they are not prepared for insider threats (the total exceeds 100% as multiple factors could be cited): Lack of training: 55%, Inadequate budget: 51%, Low priority: 34%, Understaffed: 34%, Lack of technology: 31%

Prevention Is a ChallengePrevention Is a Challenge

Even though 49% of respondents say they are trying to detect insider threats, 59% of these respondents admit that they cannot detect them.

Detection Is Harder Than Deterrence or DetailingDetection Is Harder Than Deterrence or Detailing

42% say detection is harder than deterrence or detailing an attack. Why? Because it’s more straightforward. It’s more about technology than psychology.

What You Can Do About DeterrenceWhat You Can Do About Deterrence

SpectorSoft recommends drafting and implementing an acceptable use policy that spells out what is and is not acceptable for employees. It also puts them on notice that the organization has the right to monitor activity on company-provided devices and on the company network.

What You Can Do About DetectionWhat You Can Do About Detection

Talk to security experts and make a list of types of monitoring that best fit your organization. Implement solutions that you can customize and extend to meet changing needs.

What You Can Do About DetailsWhat You Can Do About Details

There are products specially designed to investigate the details of an attack. Choose one that can help you limit the damage and remove the source of the threat.

Karen A. Frenkel
Karen A. Frenkel
Karen A. Frenkel is a contributor to CIO Insight. She covers cybersecurity topics such as digital transformation, vulnerabilities, phishing, malware, and information governance.

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