How Insider Threats Pose A Major Security Risk

How Insider Threats Pose A Major Security Risk

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Historically, data breaches that make the news are typically carried out by outside attacks, however; the frequency and cost of insider-related cyber attacks have increased over the last few years.

According to the Ponemon Institute 2020 Cost of Insider Threats Global Report, the average global cost of insider attacks has grown by 31% to $11.45 million, and the frequency has increased by 47% since 2018.

What is an Insider Threat?

An insider threat originates from within a targeted organization. These attacks typically involve current or former employees as well as third-party entities or business associates who have or have previously had access to sensitive or proprietary information.

An insider attack cannot be prevented by antivirus or other traditional security solutions that focus on protecting an organization from external or known threats.

Types of Insider Threats:

Negligent Insider: Users can easily fall victim to a scam through negligent behavior such as leaving a device unlocked or unattended while going to lunch or taking a break.

Malicious Insider: A user falls under this category when they knowingly and intentionally cause harm in order to sabotage or steal sensitive data from an organization. These actions can be taken by users with the goal of financial rewards. Another type of malicious insider we have observed includes disgruntled employees who resigned or have been terminated from their position.

A Hacker: While hackers are technically an outsider, they can gain insider access by physically or remotely gaining access to a privileged network.

What’s The Solution?

As mentioned earlier, an insider attack cannot be prevented by traditional security solutions like antivirus and firewalls which focus on external and known threats. With that said, many organizations today have little to no security protecting them against insider threats since the focus has traditionally been on external attacks.

Insider attacks are often targeted against an organization and many times, malicious actors are able to avoid detection more easily since they are already familiar with the environment. As the frequency and cost of these attacks continue to rise, now is the time for organizations to step up their cybersecurity.

How ThreatLocker Protects Against Insider Threats

While threat detection and firewall security solutions are critical in protecting your organization, they are not enough. The ThreatLocker solution gives you complete visibility and control over your data.

Storage Control
  • Storage control gives you the ability to stop specific user groups from uploading files to the web and external storage such as USB devices
  • It enables you to restrict access to unauthorized locations
  • This solution significantly reduces the risk of insider threats and can be controlled centrally
Ringfencing
  • Ringfencing protects your data by fencing off your system at the most granular level, essentially eliminating attack vectors from a cybercriminals path
  • Ultimately, if a hacker gained access into your network, they would have very restricted access to your environment
Software Auditing and File Access
  • Lets you see the history of file access for users working in and out of your office
  • Gives you full visibility into how your data is being accessed and used
  • This holds users accountable for unauthorized data access and gives you the visibility you need over your organization
Application Whitelisting
  • Control what applications and software are permitted to run
  • Stops unauthorized software from running in your environment, even if it is unknown malware

By implementing ThreatLocker into your security stack, a cybercriminal is extremely limited in what they can do which significantly lowers the severity of an inside attack.

Interested in learning more about how ThreatLocker can protect you against insider threats? Schedule a demo here: calendly.com/threatlocker/demo


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