Impact of Insider Threats
However, the 12% of respondents estimate this cost to be more than $1 million. The 2018 Insider Threat Report claims a higher percentage, showing 66% of organizations who consider malicious insider attacks or accidental breaches more likely than external attacks.
Examples of insider trading
A CEO of a corporation buys 1,000 shares of stock in the corporation. The trade is reported to the Securities and Exchange Commission. An employee of a corporation exercises his stock options and buys 500 shares of stock in the company that he works for.
An insider attack is a malicious attack perpetrated on a network or computer system by a person with authorized system access. In addition, there may be less security against insider attacks because many organizations focus on protection from external attacks. An insider attack is also known as an insider threat.
They may use a trusted insider—or become one—to gain access to chemicals that they can use for terrorist activities. A 'trusted insider' is anyone who has been given access to a business's systems and physical premises. This includes past and current employees, contractors and visitors.
Insider attack and an outsider attack
An active attack generates packets or participates in the network while a passive attack is eavesdropping the network or tracking users.
Protect against insider threats
1) Insider Threat Prevention Best Practices
2) Perform enterprise-wide risk assessments.
3) Clearly document and consistently enforce policies and controls.
4) Establish physical security in the work environment.
5) Implement security software and appliances.
6) Implement strict password and account management policies and practices.
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