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Report: Companies struggle to keep insider threats under control

Companies already struggling to keep networks secure from outside attack are facing insider threats that they are not equipped to properly handle.

Published Mon, Aug 25 2014 6:31 PM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

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.

Report: Companies struggle to keep insider threats under control | TweakTown.com

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."

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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