The year 2020 witnessed an unprecedented onslaught of cybersecurity threats across the world as the global workforce underwent a forced transition to remote working. However, not all cybersecurity threats come from the outside. In a study conducted by Bitglass, 61 percent of businesses surveyed reported at least one insider-related cybersecurity incident in the last year. This could be anything from negligent employees who lack cybersecurity training to rogue employees who facilitate a breach for personal gain.

Considering the increasing frequency of insider threats and the severity of data breaches resulting from them, it goes without saying that all organizations need to take proactive steps to combat this serious security risk.

Before taking any preventative security measures, it is necessary to understand who causes these risks and why. In this blog, we’ll discuss all aspects of insider threats including the motivations behind them, potential actors, primary targets, consequences and more.

 

Actors Behind Insider Threats

Anyone with access to critical information can pose a potential insider threat if the information is unknowingly or maliciously misused, resulting in a data breach. Businesses need to identify these actors if they want to curb insider threats effectively.

Insider threat types can be classified as follows:

Motivations Behind Malicious Insider Threats

Malicious insiders are usually motivated by one or more of the following reasons:

Why Insider Threats Are Dangerous

Insider threats often have a massive impact on your data, primary assets and your bottom line. On top of it all, these threats are often hard to detect and contain. A study by the Ponemon Institute estimates that it takes 77 days on average to contain insider threats once detected.

Don’t Wait to Protect Your Business

Although the consequences of insider threats may be disastrous, you don’t have to face this problem alone. If you are wondering how you can mitigate these threats and prevent losses, we’ve got you covered. Reach out to us today to understand the different ways by which you can build a resilient cybersecurity posture against insider threats.

Article curated and used by permission.

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