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How expensive is Insider Threat?

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Proofpoint published a report on the costs and trends associated with negligent, compromised, and malicious insiders. Notably, impacted organizations spent an average of $15.4 million per year on overall insider threat remediation and took 85 days to control each incident.

According to the report, the frequency and costs associated with insider threats have increased dramatically over the last two years across all three insider threat categories, which include: careless or inattentive employees/contractors, illegal or malicious insiders, and cybercriminal credential theft.

EVP of cybersecurity strategy at Proofpoint, Ryan Kalember says, “Months of sustained remote and hybrid working leading up to “The Great Resignation” has resulted in an increased risk around insider threat incidents, as people leave organizations and take data with them.”

“In addition, organizational insiders, including employees, contractors, and third-party vendors, are an attractive attack vector for cybercriminals due to their far-reaching access to critical systems, data, and infrastructure. With people now the new perimeter, we recommend layered defenses, including a dedicated insider threat management solution and strong security awareness training, to provide the best protection against these types of risks.”

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