From high-profile data breaches to malicious insiders, the past year has been full of headlines about devastating cybersecurity incidents. But what do the numbers actually say about insider threats? This article takes a closer look at the latest insider threat statistics from 2019.
The definition of an insider threat
An insider threat is defined as a threat to an organization that comes from within. This can include employees, contractors, or other people with authorized access to the organization’s systems and data. Insider threats can occur intentionally or unintentionally. Intentional insider threats are usually motivated by personal gain, revenge, or political beliefs. Unintentional insider threats usually occur when an individual’s actions unintentionally put the organization at risk.
According to a study by the Ponemon Institute, the average cost of an insider threat is $8.76 million per year. The study also found that the average number of days to detect an insider threat is 196 days. Additionally, the study found that 43% of organizations do not have a process in place to investigate insider threats.
Insider threats can have serious consequences for organizations. They can lead to data breaches, loss of confidential information, and reputational damage. Organizations need to be aware of the risks posed by insider threats and take steps to prevent them.
The different types of insider threats
There are several different types of insider threats. The most common type is theft of company information. This can include stealing customer data, intellectual property, or trade secrets.
Another type of insider threat is sabotage. This is when an employee intentionally damages company property or equipment. They may do this in an attempt to get revenge against the company or to disrupt business operations.
The third type of insider threat is espionage. This is when an employee gathers information for a competitor or enemy of the company. They may do this for financial gain or out of a sense of loyalty to another organization.
Insider threats can be difficult to detect and prevent. However, companies can take steps to mitigate the risks posed by these threats. For example, they can implement security measures such as access control and data encryption. They can also conduct background checks on employees and provide training on cybersecurity best practices.
The impact of insider threats
Insider threats can have a major impact on businesses and organizations. They can lead to data breaches, financial losses, and reputational damage. Insider threats can also cause disruptions to business operations and negatively impact employee morale.
According to a study by the Ponemon Institute, the average cost of an insider threat is $8.76 million. This figure includes the costs of data breaches, investigative expenses, business disruptions, and reputational damage.
The study also found that insider threats are on the rise. In 2018, there was a 16% increase in the number of insider incidents compared to 2017. This trend is likely to continue as more and more businesses rely on digital technologies.
Organizations need to be aware of the risks posed by insider threats and take steps to mitigate them. These steps may include implementing access control measures, training employees on security awareness, and conducting background checks on new employees.
The top industries impacted by insider threats
According to a recent study, the top industries impacted by insider threats are healthcare, finance, and government. Healthcare organizations are particularly vulnerable to insider threats, as they have access to sensitive patient information. This information can be used to commit fraud or identity theft. Finance organizations are also vulnerable to insider threats, as employees may have access to customer financial information. This information can be used to commit fraud or theft. Government organizations are also vulnerable to insider threats, as employees may have access to sensitive government information. This information can be used to commit espionage or sabotage.
The top countries with the most insider threats
There are many different countries that have a problem with insider threats. However, there are some that stand out more than others.
The United States has the most insider threats of any country. This is likely due to the fact that it is the largest country in the world and has a lot of sensitive information.
Russia and China are also major players when it comes to insider threats. This is likely due to their government’s involvement in espionage and cyber warfare.
Other countries with a high number of insider threats include Canada, India, and the United Kingdom. These countries have all had major data breaches in recent years.
How to prevent insider threats
There are a few key ways to prevent insider threats. First, it is important to have strong security measures in place. This includes things like access control measures and data encryption. Second, it is important to monitor employee activity. This can be done through things like video surveillance and tracking employee login times. Third, it is important to have a clear and concise policy in place regarding the handling of sensitive information. Employees should be made aware of the consequences of violating this policy. fourth, it is important to provide employees with regular training on security procedures. This will help to ensure that they are aware of the proper way to handle sensitive information.
Insider threats can pose a serious threat to businesses. However, there are a few key ways to prevent them. By implementing strong security measures, monitoring employee activity, and providing employees with regular training, businesses can help to protect themselves from these threats.
Conclusion
The 2019 insider threat statistics show that this type of threat is on the rise. With more people working remotely and using cloud-based services, it’s easier for malicious insiders to access sensitive data. Companies need to be aware of this risk and take steps to protect their data. By implementing security measures such as data encryption and user activity monitoring, companies can reduce the risk of an insider attack.
