Keeping up to date with the latest statistics on insider threats is critical for any organization that wants to be proactive in reducing potential risks. Being aware of current insider risks enables you to take the appropriate measures to mitigate them. This article outlines key facts endorsed by industry experts, discusses the findings revealed by insider threat research, and shows examples of damaging insider incidents.

As a CurrentWare customer, these quarterly product updates are included at no additional cost as a part of your subscription. Need help upgrading? Our team is here to assist you every step of the way. We offer comprehensive documentation, training resources, and personalized support to ensure a smooth transition. Should you have any questions or need further assistance, please reach out to our support team.

A system administrator plays a prominent role in maintaining your IT operations, ensuring system performance, and keeping your organization compliant with enterprise data security requirements. System administrators have complete control over the ins and outs of your databases and, in many cases, its underlying physical infrastructure. That’s why you need to pay close attention to admins’ actions to prevent privilege abuse and preserve enterprise data privacy and integrity.

Threat detection is essential, as it serves to locate and minimize the threat as quickly and effectively as possible. However, some companies are starting to embrace an earlier line of defense that Gartner calls human-centric security. The tech research firm lists it as the number one cyber security trend of 2023 and has forecasted that 50% of CISOs will adopt this new approach by 2027.

Spotting insider threats isn’t easy. There are a number of behavioral indicators that can help you see where a potential threat is coming from, but this is only half the battle. Efficient insider threat detection also requires comprehensive tools that allow you to monitor suspicious users’ sessions and track their activities. In this article, we describe what insider threat indicators are to help you spot potential malicious actors.

As cyberattacks become more sophisticated, strong cybersecurity measures might not be enough to protect your organization. It’s not a matter of “if” cybersecurity incidents will occur but rather “when”. That’s why many organizations turn to cyber insurance for financial protection against cyber threats.

Your employees, business partners, and third-party contractors with legitimate access to your corporate infrastructure may pose significant risks to your cybersecurity. Intentionally or unintentionally, they can destroy or expose your valuable data, thus, putting your organization at risk for non-compliance, financial losses, reputation damage, etc. It’s important to understand what insider threats are and what dangers they may pose to your organization.

An Insider Threat is a risk that can cause individuals with access to an organization’s systems, networks, or data to exploit that access for a malicious purpose. This threat can be caused by employees, contractors, business associates, or anyone with authorized access to assets of the organization.

Organizations must always be aware of the constantly changing compliance landscape to protect their sensitive assets and avoid paying millions in fines. The rapid development of cyber threats fueled by the global pandemic and cyberwarfare have forced the European Union (EU) to update its NIS Directive. We understand the pain of having to read hundreds of requirements and legislation documents, so we’ve done it for you.

Insider threats are expensive. The total average annual cost of an insider threat rose to $15.4 million according to the 2022 Cost Of Insider Threats Global Report by the Ponemon Institute . Companies spend a fortune on lawsuits, fines for non-compliance with security requirements, and mitigating the consequences of cybersecurity incidents — not to mention the negative impact of such incidents on an organization’s reputation.