Deflect Unfavorable Outcomes


Companies are increasingly recognizing that employees pose a serious risk to the security of their data. Insider cybersecurity incidents have risen by 47% since 2018 and the average annual cost of insider threats has increased 31% during the same timeframe to $11.45 billioni.

Whether caused by malicious intent or negligence – these tough-to-spot incidents could be right under your nose – it may be difficult to know where to look. Combine that with the fact that the longer insider threats go undetected, the more detrimental it is to your bottom line, and you have a recipe for significant risk.

Turning a blind eye to these incidents is not an option. Failure to secure your customers’ personally identifiable information (PII) costs plenty: Reputation loss. Customer loss. Profit loss. Fines for noncompliance with regulations. That’s why safeguards are needed to ward off the potential for these undesirable outcomes.

 

i2020 Cost of Insider Threats Global Report

ii2020 Verizon Data Breach Investigations Report

30% of data breaches involve internal actors [ii]

%

of data breaches involve internal actors [ii]

47% the rise in insider cybersecurity incidents since 2018

%

the rise in insider cybersecurity incidents since 2018

31% the increase in average annual cost of insider threats since 2018

%

the increase in average annual cost of insider threats since 2018

$11.45 Billion the average annual cost of insider threats

$ Billion

the average annual cost of insider threats

Prevent Employees from Compromising Secure Data

Any organization – but especially those with knowledge workers in the technology, financial services, insurance, and healthcare spaces – holds confidential, business-critical information in their customer relationship management (CRM), office productivity, and other application platforms. It’s therefore imperative to understand how, why, and by whom this data is comprised.

increase in insider cybersecurity incidents since 2018

Common Insider Threats Use Cases

Unfortunately, it’s often those within your organization that take liberties of peeking into private data. But catching them in the act can range from challenging to nearly impossible when you lack the resources or try to find breaches by manually combing through log access records. Following are some examples of impermissible access to private data that FairWarning can help you address:

Privileged User Abuse

Privileged User Abuse


Privileged user abuse is inappropriate access by users who hold the “keys to the kingdom” and have all of your proprietary data at their fingertips. Because of this, they can inadvertently or purposely create risk by granting others access to more or less data than they should have.

They can also create new users, login as others, grant access to IP addresses, change password policies, and numerous other legitimate activities that could create risk if leveraged for malicious purposes or because of mistake or negligence. However, it can be difficult to go from reactive to proactive and identify inappropriate access to sensitive data without a tool that can help mine your log records.

FairWarning helps companies by closely monitoring behavior to detect suspicious activity and unusual patterns. Our Salesforce/CRM and Office Productivity solutions monitor privileged user access data and notify you when impermissible access takes place.

Exploitation by Departing Employees

Exploitation by Departing Employees


Exploitation by departing employees is more common than you think. Employees planning to leave your company might be exfiltrating private data – sometimes months in advance – so they can try to persuade your customers or prospects to come with them. Sometimes they don’t even consider it theft since they helped compile the data. Other times, departing employees take steps to sabotage their employer before they leave, changing or deleting key data.

FairWarning helps organizations monitor employees’ access to sensitive data to determine whether it is necessary. Using verification data and usage indicators, we help you determine the who, what, when, and why employees are accessing these records so you can take the appropriate steps to ensure their legitimacy.

Unauthorized Data Access

Unauthorized Data Access


Unauthorized data access is when someone without authorization – either internal or external – gets ahold of private data such as PII. This loss of privacy, integrity, and security of protected data that might stem from social engineering attacks, insider threats, or compromised accounts/credentials can lead to a data breach, data theft, or identity theft.

Unauthorized data access is a threat in any industry, especially those with regulated data. Healthcare organizations, for example, must prevent unauthorized access of patient data to protect patient privacy and comply with HIPAA regulations. To prevent impermissible data access, companies should implement security controls like strong password policies, two-factor or multi-factor authentication, and user activity monitoring.

To complement these efforts, FairWarning helps companies by closely monitoring data access to detect suspicious, unauthorized activity and unusual patterns. Our Patient Privacy, Salesforce/CRM, Office Productivity solutions monitor unauthorized data access and alert you when impermissible access takes place.

FairWarning Helps Fend Off Risk

FairWarning Helps Fend Off Risk


Whatever risky behavior comes from within, we help protect you by constantly combing through your logs to identify threats. Whether data is inappropriately leaving your organization or user access has been improperly elevated or restricted, you’ll know about it so you can react. Let FairWarning watch your back and help prevent insider threats and attacks.

Salesforce/CRM

Office Productivity

 For a deeper dive into healthcare use cases,
explore protect patient privacy and identify drug diversion.

 

 

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