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Working from home is not going anywhere. In fact, research shows that post-pandemic 42% of employees who worked strictly from a company-based location will not return to the office. Do you know how this will impact your business? Learn more about the tools needed to protect your client data and improve employee productivity.
Check out the latest happenings in the world of IT from our Locknet® experts. In this issue, we highlight some topics your organization should be aware of to minimize risks. Specifically, mitigating insider threats to your security and the risks of hanging on to legacy data.
When we think of cyber threats, we often think of the dark web, criminal hacking gangs, and external forces breaching a network. It’s a big misconception as cybersecurity experts know some of the riskiest threats are inside your organization. And these insider threats are on the rise. It’s been reported that the frequency of insider-led incidents was up as much as 44% in 2022.
There are a variety of societal factors impacting the rise in insider attacks. Some employees are disgruntled about return-to-work policies, the labor force is changing jobs more often, we’ve seen massive layoffs in the tech industry, there is looming economic uncertainty, and cybercrime recruitment efforts are on the rise. The 2023 Insider Threat Report from Cybersecurity Insiders found that 74% of organizations say insider attacks have become more frequent and 74% of organizations also felt they are at least moderately vulnerable or worse to insider threats.
We will take a closer look at who is an insider, what constitutes an insider threat, and some tips for minimizing your risk of an insider attack.
An insider threat is the potential for an insider in your organization to use their authorized access or special knowledge to harm your organization. It’s a security breach caused by someone with inside access to the company.
That begs the question – who exactly is an insider? The Cybersecurity & Infrastructure Security Agency (CISA) defines an insider as any person who currently has or previously had authorized access to knowledge of an organization’s resources. The resources include personnel, facilities, information, equipment, networks, and systems. Insiders can be broken down into three groups.
Within those groups of insiders, there were various types of threats mentioned. Generally, insider threats can be broken into two primary kinds of activity – unintentional and intentional.
Because there are so many risks, both malicious and accidental, there is no one magic bullet to prevent an insider from wreaking havoc on your organization. Instead, there are some tips and best practices for your company to consider for reducing the risk of both intentional and unintentional insider threats.
The consequences of an insider incident can ripple through an organization with devastating outcomes and long-term negative impacts. As the cybersecurity landscape becomes more complex and economic pressures continue to strain the labor market, it’s important to stay aware of insider threat trends to create a positive strategy that avoids unnecessary risks and reduces the impact on your organization.