How insider threats can cause real damage to your business

A negligent staff member or contractor, a malicious insider, or a credential thief are all insider threats that have the potential to cause havoc across your organisation. And insider threats are most definitely on the rise. A 2020 Ponemon report found that there was 47 per cent increase in insider-caused cybersecurity incidents at companies worldwide since 2018. Both the frequency and cost of insider threats have also increased dramatically. The overall average cost is $11.45 million this year, a 31 per cent increase since 2018, according to the report.