Bitglass, the Total Cloud Security company, has released its 2020 Insider Threat Report,
which uncovers the state of enterprise security as it pertains to
insider threats. Bitglass partnered with a leading cybersecurity
community and surveyed IT professionals to understand how their
businesses balance budgetary and data protection concerns while
defending against insider threats.
Employees,
whether careless or malicious, can pose a great risk to organizations. A
majority of survey respondents (61%) reported at least one insider
attack over the last 12 months (22% reported at least six separate
attacks). Businesses are currently undergoing seismic shifts, including
rapid migrations to the cloud and widespread adoptions of remote work
and BYOD (bring your own device) policies. Along with these trends,
securing against insider threats has become increasingly challenging.
Most organizations cannot guarantee that they can detect insider threats
stemming from personal devices (82%) or the cloud (50%), while 81% find
it difficult to assess the impact of insider attacks.
Despite
these concerns, few respondents have a single platform that delivers
complete, unified visibility and control for any interaction. When
dealing with multiple disjointed tools that provide disparate levels of
protection, security professionals spend an inordinate amount of time
managing each of the solutions individually. As such, 49% of respondents
stated that at least one week typically goes by before insider attacks
are detected; additionally, 44% said that another week usually passes
before the organization recovers from the attacks.
While
organizations were already working with constrained security budgets
before the pandemic, security teams are now being asked to do even more
with less. 73% of companies' security budgets are decreasing or staying
flat over the next year.
"Enterprises
report that loss of critical data and disruption to business operations
are the biggest repercussions of insider attacks," said Anurag Kahol,
CTO of Bitglass. "Along with brand damage, remediation costs, legal
liabilities, and loss of revenue, these are serious ramifications that
must be prevented. Enterprises need a multi-faceted security platform
that is designed to monitor user behavior, secure personal devices,
deliver maximum uptime and cost savings, and prevent leakage on any
interaction. Only then can they defend against insider threats."
To see all of Bitglass' findings, download the full report here: https://pages.bitglass.com/CD-FY20Q3-Bitglass2020InsiderThreatReport_LP.html