Nine Things You Need to Know About Insider Threats

By Karen A. Frenkel  |  Posted 10-20-2014 Email

The majority of enterprises can neither detect nor deter insider threats, according to a new survey. As a result, they are vulnerable to fraud, data breaches, and intellectual property theft. Sixty-one percent of respondents say they do not have the ability to deter an insider threat, 58 percent admit that they cannot detect an insider threat, and 75 percent say they cannot detail the human behavioral activities of such threats. Furthermore, six in 10 respondents say they are not adequately prepared to respond to insider threats. While the percentage of insider threats has stayed consistent in the last decade, the total number of these attacks has increased, and has resulted in an annual worldwide loss of $2.9 trillion due to employee fraud. The study surveyed 355 IT professionals and was sponsored by SpectorSoft, a user activity monitoring and analysis software firm. "The statistics paint a bleak picture when it comes to securing company data against insider threats," says SpectorSoft chief marketing officer Rob Williams. "With so many data breaches happening, C-level executives are coming to the realization that their jobs could be on the line if company data isn't protected." To view the report, click here.  

Karen A. Frenkel writes about technology and innovation and lives in New York City.


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