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83% of organizations reported insider attacks in 2024
- 83% of organizations reported at least one insider attack in the last year, and businesses need to recognize the dangers that can originate from inside their digital ecosystems while implementing effective threat management strategies.
- Various factors are contributing to this increase including the increased use of remote and hybrid working models and next-generation technologies in complicated IT environments.
- The full scope of the financial repercussions of insider threats isn’t always recognized. For organizations that dealt with insider threats in the last year, the average cost to fully recover ranged from $100,000 to over $2 million.
- Implementing effective best practices like investing in advanced monitoring solutions, incorporating non-IT data sources, and creating a security-conscious culture may help minimize exposure to insider threats.
- Other essential strategies include automating threat detection and response, adopting a zero trust security model, continuous employee training for a security-conscious culture, and regular security audits and assessments with clearly outlined incident response plans in place.
- As insider threats continue to escalate, it’s critical for organizations to take active steps to prevent them.
- Cybersecurity Insiders’ recent 2024 report reviewed 413 IT and cybersecurity professionals to better understand where and how insider threats impact their organizations.
- Even employees who unknowingly contribute to an insider threat must become aware of the risks and become an active participant in preventing insider threats from happening.
- Inadequate security measures, lack of employee training and awareness, and weak enforcement policies have contributed to the rise in insider threat incidents.
- It’s critical to continuously educate staff on insider threats and teach them how to identify and report suspicious activities as well as involving company leadership in prioritizing threat management across all departments while leading by example.
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