19th Jun 2018CISO
New Ponemon Institute Study: Insider Threats Lead to Big Losses and Significant Costs
by ObserveIT - April 2018
A new study released recently from The Ponemon Institute, 2018 Cost of Insider Threats: Global Organizations reveals the average cost of insider threats globally over the past 12 months was $8.76 million. Not surprisingly, these costs increased the longer an insider threat took to resolve and varied widely depending on the industry and size of organization.
Researchers at The Ponemon Institute spoke with 717 IT and IT security practitioners at 159 organizations with a global headcount of 1,000 or more in North America, Europe, the Middle East, Africa, and Asia-Pacific. A total of 3,269 insider incidents were identified across all organizations in the past 12 months.
In this post, we’ll share some more highlights from the report and give you some tips on how to prevent insider threats in your own organization.
Who’s Causing Insider Threats
Unfortunately, the people responsible for costing organizations serious money are often the most trusted insiders.
The report covers three major types of insider threats:
Each insider threat profile caused hundreds of thousands of dollars of damage on a per-incident basis, adding up to millions of dollars in expenses per year. Surprisingly, the most costly insider threats per incident and on an annual basis were different. Could these threats be hidden in your organization? Click through to learn more.
Insider Threat Containment Costs Sky High
The Ponemon Institute report concentrates on the regions and industries hit hardest by the cost of insider threats and how costs rise for an organization over the course of time. Here are some of the highlights:
For a deeper dive into these stats, including the dollar amounts for each specific industry, region, and time window to contain an insider threat, click here to download the report.
How to Prevent Data Exfiltration from Insider Threats
Now that you’ve heard so much about the cost of insider threats, you might be curious about strategies to prevent them. Here are three tips to get ahead of insider threats before they start, or stop them quickly in their tracks:
Click here to learn more and download the full Ponemon Institute 2018 Cost of Insider Threats report today.
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