The new Insider Threat Report from Verizon gives companies of all sizes a better understanding on how to deal with insider threats.
According to the report, 47.8% of malicious insiders are driven by financial reasons.
A striking data, is that while it can only take minutes for an employee to compromise a system, it can take months to discover the misuse.
The report also categorizes the five different insider threat actors:
In the last years, cyberattacks have increased dramatically.
To prevent unpleasant situations, every company should assess their cybersecurity-related risks.
According to information security experts, security controls are deployed after a security incident, which means that most companies do not have a proper cyber risk management.
However, eventually, every company has to do a cybersecurity risk assessment, to identify security vulnerabilities and how to mitigate them.
Since cybersecurity threats are becoming more sophisticated and harder to prevent and detect, every company really need to adapt its cybersecurity risk management.
The first step toward the improvement of your cybersecurity risk management, is to understand whether your company is at risk of cyber breaches.
If your information security department does not know where to start, you can begin by reflecting wheter your company identifies with any of the following statements.
Your company is at risk of cyber breaches, if:
Nowadays, collecting and storing more data, means also expand the potential cyberattack surface.
Since industry experts continue to point out that the majority of security breaches stem from unintentional negligence of trusted insiders (employees, vendor-partners), you should take thoughtful steps to protect your information assets, and protect the productivity gains that you realize through outsourcing.
Assess your risk
Perform a risk assessment of your current systems portfolio: understand the potential exposure your company faces if a system fails or otherwise becomes corrupted.
Protecting sensitive informations is getting more challenging for every organization.
Data breaches are part of the current landscape, and every company has to be prepared to face one.
Here, are 6 rules for good risk management, that your company should follow.