Security Advisor Middle East|May 2020
Insider threats are on the rise: up 47 percent year-on-year and organisations are paying a heavy price. According to the latest Cost of Insider Threats 2020 Global Report, impacted organisations in the Middle East spent on average $11.65 million annually on overall insider threat. Moreover, regional enterprises have experienced the highest number of insider-related incidents over the past 12 months, and are likely to experience credential theft.
Figures of this magnitude can be difficult to relate to. But for the organisations behind them, the impact of an insider threat is incredibly real. Costs quickly arise from additional labour and investment in technology, through to business disruption and revenue loss.
As with external threats, attackers’ tactics and motives differ. Unlike outsidein attacks, attackers do not need to breach defences, and many are unaware they’re a threat at all – making them hard to profile, harder to detect and extremely difficult to defend against.
Insider threats – be they intentional or not – cannot be entirely avoided. That’s not to say that businesses must accept these costs, however. By taking a proactive approach, through cost-effective tools and training, incidents can be minimised, and costs controlled.
The financial reality of insider threats
As the defence against insider threats is broad, layered and varied, so too are the costs involved. From the proactive, monitoring and surveillance, to the reactive, post-analysis and remediation, an insider threat impacts numerous activity centres across an organisation.
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