In Preston’s absence, I spoke with ThinAir CEO Tony Gauda about insider threats. Insider threats cost companies billions of dollars, thousands of lost labor hours, and loss of credibility with customers. If you don’t believe that insider threats are a real problem, it might interest you to know that among companies experiencing data breaches, internal actors were responsible for 43 percent of data loss, half of which was intentional and half accidental.
There are two types of insider threats that are mentioned above:
- The malicious insider who purposely steals data, and
- The unaware or innocent insider who accidentally causes a breach.
From the ThinAir website:
The average cost of a data breach is now $3.62 million, up 16% since 2013, according to a recent IBM-Ponemon report. It only takes minutes for a thief to steal information, but organizations typically need 191 days to identify a breach and another 66 days to contain it. The two major costs are related to an investigation, and the forensics to determine the root cause and the scope. Factor in the inevitable lawsuits, customer churn, and brand damage, and an organization will feel the effects of a breach for years to come.
What if instead of attempting to reconstruct the crime scene, you could play back the security tape in high definition? What if you knew the source, complete impact, and vector of exfiltration in 90 seconds?
The problem is real and it’s expensive. Tony Gauda and I explore the many possibilities and some solutions to the problem in this podcast.
Length: 20:39 mins. Format: MP3. Rating: G for all audiences.
Thanks to Tony Gauda and Caitlin Gribbons at Inkhouse for connecting us.