Today’s digital landscape is giving rise to insider threats. According to a study done by Ponemon Institute, the global cost of insider threats rose by 31% from 2018 to 2021 ($8.76m to $11.45m).
These threats pose a significant risk to your organization’s cybersecurity, so it’s important to understand how to recognize and defend against them before they disrupt business continuity.
Insiders with Malicious Intent
This group is the one that springs to mind when you think of ‘insider threat’. It includes disgruntled or unhappy employees who look to double-cross their employer because they feel their needs or wants have not been met. There is often a financial incentive for the employee if they give criminals “data, files, and trade secrets” belonging to/about their organization.
Previous errors in architecture can lead to exposed vulnerabilities and leave operations open to harmful cyber attacks.
A lack of cybersecurity training can result in employees accidentally infecting their devices with ransomware. According to Cisco’s Cybersecurity Threat Trends, 86% of organizations have had at least one user try to connect to a phishing site so far this year. This mistake is so common that the Cybersecurity and Infrastructure Agency dedicated a whole week of Cybersecurity month to it.
Security Fatigue and Negligence
Employees can experience security burnout trying to follow best practices and keep data protocol up to date. This leads to data misuse that is high risk to cybersecurity. Password fatigue, or using the same password with little variation on multiple accounts is “common among all industries”.
The best way to protect your data from all threats, including insider threats is to put the correct data protection protocols in place.
Train (or retrain) your employees on cybersecurity basics
- Teach your staff to spot the signs of phishing and other social engineering scams
- Test your staff’s cybersecurity knowledge and readiness regularly
Put a true DRaaS solution in place that will help you:
- Retrieve data and restore normal operations if a disaster strikes
- Set achievable RTPOs
Find the best cloud-service partners
- Don’t trust your mission-critical data to just anyone
- Research reviews and reputation
Information found in this article originally appeared on infosecurity.com and CISA.com