Cyber Threat Report: Insider Threats

Insider threats are people that constitute a security risk and have access to the network and data of your business.

Risk based security estimates that 8.4 billion records were exposed in just the first quarter of 2020, a startling 273% rise from the first quarter of 2019.

Every industry is expected to have a data breach in 2020, including those in the government, legal, hotels, telecommunications, and healthcare.

Insider Threats are these cyberattacks’ major vulnerability and main cause.

Reckless Employees: Personnel who disregard the cybersecurity protocol of your firm (inadvertently or negligently)
Employees with emotional issues are those that aspire to retaliate against their employer.
Malicious Insiders: Those that abuse their position to their own advantage
Individuals hired by outside parties to steal, manipulate, or misuse
information are known as “inside agents.”
Users from outside the firm who use their access to undermine the network security are known as third-party users.

Human weakness can be a major liability for your business and result in a data breach and monetary loss.
We advise your business to enforce cybersecurity policies right away in order to reduce your risk from insider threats.

Your guidelines should include:

Continuing cybersecurity education for your staff
Always alert your IT team to any unusual behaviour and threats.
Make and keep a list of the user access privileges.
To avoid hacks, keep your software and programmes updated.
Apply a stringent password policy.
Never share your passwords with anyone.
Never use short passwords that include your name, username, birthday, or any other personal information.
Use different passwords for each account you have.
Avoid utilising terms that are typically found in dictionaries.
As a second layer of defence, always enable multi-factor authentication when possible.
Never save your login information in a browser.
Frequently change your password.
Use a password tester to check the hackability of your password; Microsoft Security Center is our top pick.
To make a strong, memorable, complex password.

Cybersecurity implementation in the workplace is essential and everyone’s duty.
Although insider threats can be challenging to identify, you can protect your company by taking preventative steps.