In the world of cybersecurity today insider threats are a hot topic of conversation, and for good reason. Research conducted by Crowd Research Partners and Cybersecurity Insiders found that 90% of organizations feel vulnerable to insider attacks for multiple reasons that include an ever-changing landscape of technology and devices as well as excessive access privileges and other factors. Moreover, 53% of companies confirmed insider attacks against their organization.
With security breaches increasing by an average of 27.4% year over year, the emphasis on Insiders is well placed.
In the guide below, we’ll define an insider threat, explain why they’re important, and offer the best insider threat detection tools to deter an attack or help your company with insider threat management.
What is an Insider Threat?
Many people have access to an organization’s network including current and former employees, contractors, vendors and more. This means the sheer number of potential threats make threat detection incredibly difficult to track and identify before an attack occurs.Insider threats can be grouped into three main categories:
Why is Insider Threat Management so Important?
To put it simply, insider attacks are incredibly expensive. In today’s cybersecurity landscape insider threats garner a lot of attention from security professionals for quite a few reasons, including the fact that insider threats are costlier to detect and contain than external attacks.Why are insider attacks so costly? Insider attacks are more difficult to detect, and they usually take longer to resolve, which increases the overall cost of the attack to an organization.On average, a malicious insider attack takes 50 days to resolve. The more time an attacker has access to a network, the likelihood of records being taken or deleted increases exponentially, which in turn increases the cost of a breach exponentially. The average cost to resolve a data breach of any kind ranges between $126 and $156 for each compromised record. Take into account the fact that the global average for the number of records exposed or compromised during a breach is 24,089, which brings the average total cost of a single data breach anywhere between $3.0M – 3.6M.Considering costs at that scale, it’s easy to understand why security professionals are so concerned about insider threats.
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Who is at Risk of an Insider Attack?
The honest answer is that any company can fall victim to an insider attack, but research shows us that certain organizations seem to be more attractive than others from the perspective of hackers and attackers. Some factors that increase your chances of being a target include the kind of data your organization holds, the sector in which your organization operates, and what region of the world you reside.
Why do Hackers Target These Regions?
What Organizational Information Increases Risk of Insider Threat?
The goal of an attack is often to obtain secret or confidential information held by an organization. The type of information your organization houses may increase the chances of an attack against your company.Here are the top four categories of information that attackers seem to consider high-value:
What Insider Threat Detection Tools Should I Use to Protect my Company?
There are numerous ways to protect your organization from insider threats. Your options range from educating employees on phishing emails and other scams via seminars and training to installing Employee Monitoring, or User Behavior Analytics Software designed to identify, prevent, and capture attacks before they become costly. These systems can communicate with your existing tools and automatically trigger your security protocols without having to lift a finger.With that said, it’s important to take the proper steps and choose the correct actions based on your current situation.
What Software Should I Consider for Insider Threat Detection?
There are a number of different software categories that can be used to detect and deter insider threats, it’s very dependent upon your goals and what you currently have running in your stack. These tools allow organizations to proactively detect and respond to risky activity in real-time.
Insider Threat Management With ActivTrak
ActivTrak is an easy-to-install, low-maintenance insider threat detection solution that just works. It’s continuously tracking and reacting for you, freeing up your time to focus on securing other areas of your environment.
Here are a few reasons why ActivTrak is an ideal solution for Insider Threat Detection:
- Alarms trigger automated security alerts and reactions. Terminate an unauthorized application, send on-screen notifications, capture screenshots, and watch video playback when the event took place.
- Behavioral data is available on the dashboard within moments of installation. Review reports and screen captures to locate suspicious application usage, website history, and USB activity.
- Gain visibility when a user evokes in-browser Incognito Mode and understand if the user is attempting to evade detection, and why.
- Investigate security breaches and come to a data-supported conclusion about what happened, when it happened, and who was responsible.
- Spot sudden changes in user schedule and passive time, providing additional context to abnormal usage patterns.
- Consult the Risk Level Report to see which users exhibit high-risk behavior and which suspicious activities occur more frequently.
- Check in on your team any time, anywhere from the desktop or our mobile app.
Finding and Implementing the Best Insider Threat Management Solution for your Business
Recap: Insider Threat Management
You should be concerned about insider threats. They’ve quickly become the easiest way for attackers to gain access to an organizations network. Once inside, an attacker can navigate freely under the alias of an employee that has privileges to find the information the hacker is interested in finding. This cloak of regularity allows attacks to go on for longer periods of time without being detected, which dramatically increases the overall cost of a breach. Be on the lookout for negligent, compromised, and malicious insiders as you conduct an audit. Anyone can become the target of an insider attack, but those in the financial services industry and businesses in the US and the Middle East have the highest likelihood of being hit by an attack due to the potential financial gain and longevity of attacks. Safeguard your organization by Implementing employee monitoring, auditing events that take place on your network, keeping open lines of communication with key stakeholders, segregating duties so that one person can’t request and authorize a transaction, and finally, by training your employees to avoid the common activities that put their hardware and credentials at risk. The bottom line here is that you need to invest in emerging and existing technologies to make it easier for you and your team to spot and prevent insider attacks.