Legacy DLP is broken due to excess complexity, extended time to value and misalignment with security and business goals, said Next's Chris Denbigh-White. Addressing insider threats in a meaningful way is one of the biggest data protection challenges for organizations, he said.
According to the 2022 Verizon Data Breach Investigations Report, insider threats and credential-based attacks comprise the majority of security breaches (over 90%) impacting organizations. Insider attacks involve malicious and negligent activity against an organization that originate from people who have been granted...
80% of breaches originate outside of the organization, while only about 20% begin with trusted insiders, according to the Verizon 2022 Data Breach Investigations Report. It’s possible that because many organizations haven’t yet experienced a breach from an insider threat, they perceive external threats as the...
Insider risk can come from malicious, negligent, or compromised insiders - those with trusted credentials within your organization. Insiders are authorized to use IT resources, so conventional security tools offer little detection power to distinguish whether authorized actions have malicious intent. If an insider...
Insider threats continue to rise, increasing 44% over two years, according to the 2022 Ponemon Cost of Insider Threats report. With growing corporate layoffs and challenging financial conditions, there is a clear risk of disgruntled employees exfiltrating IP and financial data. Some of the most challenging threats to...
While financial fraud has been prevalent for years, businesses still struggle to find it among large pools of data. In this second installment on accounting fraud, a panel of experts discussed the challenges including a lack of resources, skills and tools to identify fraud.
A Cleveland-based healthcare system is notifying a not-yet-disclosed number of individuals about an incident involving unauthorized medical records access by an employee that continued for 15 years. The safety-net organization says the worker has been disciplined.
In this post of his blog "A CISO's View," security director Ian Keller discusses the importance of having mechanisms in place to report potential personal compromise or potential compromise of another person in your company and provides simple steps for making security everyone's responsibility.
In the era of digital transformation, banks’ security leaders are grappling with the challenges of maintaining a secure digital ecosystem while keeping costs down. With the explosion of touchpoints from the digitization of money and services, FinServ is now a prime target for cybercriminals, jeopardizing its...
Unlike other types of security threats, insider threats are complicated because only a few are caused intentionally, and they typically involve valid credential use. Beyond full- and part-time employees, insiders include vendors, customers, and others who can be working on site or remote. Frequently they’re...
Banks are facing unprecedented challenges in securing their digital ecosystems while maintaining cost efficiency. With cybercriminals increasingly targeting the financial industry, banks face risks to their reputation as trustworthy partners. With data breach costs averaging nearly $6 million per incident, banks...
An IT security analyst has confessed to trying to blackmail his employer by altering ransom notes sent from a hacker to a board member and changing the cryptocurrency payment address to one he controlled. After his employer detected the unusual activity, U.K. police traced it back to the worker.
Nickolas Sharp, a one-time employee of Ubiquity who pleaded guilty to insider hacking received Wednesday a six year prison sentence. He admitted guilt on Feb. 2 to three criminal counts including transmitting a program to a protected computer that intentionally caused damage.
The definition of insider threat seems to have evolved since the hybrid workforce became the norm. More organizations are now talking about the "compromised insider." Randall Trzeciak of Software Engineering Institute said that in the last three years, insider threats have changed to insider risks.
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