"We discovered in our research that insider threats are not viewed as seriously as external threats, like a cyber attack. But when companies had an insider threat, in general, they were much more costly than external incidents.
This was largely because the insider that is smart has the skills to hide the crime, for months, for years, sometimes forever."
— Dr. Larry Ponemon
The cost of damage by insider threat can be huge. Well, for the unaware, insider threat is a security risk that comes from any individual with authorized access to information and information assets in the organization. The breach could be willful or accidental.
Most businesses are certainly aware of the issue, but the resources required to address it often outpace the IT security budgets. Insider threat prevention needs to consider a lot of things such as corporate infrastructure and technologies used, data stored, data sensitivity levels, data protection measures, data security, data privacy mandates, local cultural norms and labour practices.
Here are the types of threats from an insider:
Insiders who are negligent or careless
Insiders who have malicious intent
Planted agents who become insiders (industrial espionage)
It is important for organizations to understand and identify potential insider threats. Following are some of the indicators:
Any failed or successful access to systems or data outside of working hours or without a business need
Any use of unauthorized systems, devices and software
Any attempt to bypass security protocols
Even the best security technology isn’t enough to stop insider attacks. So what should organizations do?
Organizations need a comprehensive security strategy in place that is appropriate to prevent and mitigate all potential inside threats. Get in touch with our experts for a comprehensive risk assessment and security strategy.
Protect your organization, get your organization to stay aware. Awareness is key.
Be proactive, protective and resilient. Reach out to us now.
At Gorisco, our motto is 'Embedding Resilience' and we are committed to make the organizations and their workforce resilient. Reach out to us if you have any queries, clarifications or need any support on your initiatives.
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