Companies are having a hard enough time trying to keep data secure from cybercriminals overseas, but insider threats leave organizations helpless. A lack of proper training and budget constraints make it difficult, with more than 60 percent of IT and security experts saying they couldn't respond to a real insider attack, according to the SpectorSoft security firm.
Respondents from the United States, Europe and Latin America said a lack of training (55 percent) and budget problems (51 percent) are problematic, with 34 percent saying insider threats aren't currently a priority. There has been an estimated $2.9 trillion of employee fraud losses worldwide every year, as employee theft and fraud can be extremely difficult to detect.
"These statistics paint a bleak picture when it comes to securing company data against insider threats," said Rob Williams, SpectorSoft chief marketing officer. "With so many data breaches happening, C-level executives are coming to the realization that their jobs could be on the line if company data isn't protected. Proper defense must include a comprehensive security solution, and with humans involved, education is just as key. The market is ripe for a new approach to internal security."