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.
%
of data breaches involve internal actors [ii]
%
the rise in insider cybersecurity incidents since 2018
%
the increase in average annual cost of insider threats since 2018
$ 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:
For a deeper dive into healthcare use cases,
explore protect patient privacy and identify drug diversion.
