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As Companies Deal With External Threats, Internal Threats Loom Large

Nov 27, 2024 - forbes.com
The article discusses the growing threat of internal information leaks in companies, with the number of reported incidents rising from 66% to 76% since 2019. The average cost to resolve insider threats in 2023 was $16.2 million per company, with North American companies experiencing the highest total cost at $19.09 million. The article suggests that companies can address this issue by using AI and software to monitor suspicious behavior, limiting access to certain data and files, and individualizing data and files using steganography, a method of concealing information in plain sight.

The article highlights the importance of companies having a plan to address the issue of internal leaks, as the threat is real and the costs are high. It suggests that while most employees are trustworthy, it only takes one bad actor to cause significant damage to a company through a leak. The article concludes by stating that companies must be proactive in addressing this issue, as the costs of not doing so can be devastating.

Key takeaways:

  • Insider threats, or leaks from within a company, are a growing concern, with the number of reported incidents rising from 66% to 76% since 2019. The cost of resolving these threats was $16.2 million per company in 2023.
  • Companies can address insider threats by using technology to monitor for suspicious behavior, such as unusual data downloads, and by limiting employee access to certain data and files.
  • Steganography, a method of concealing information in plain sight, is a promising approach to preventing leaks. It involves using forensic watermarks to individualize content, making it traceable to a single person.
  • Regardless of the approach taken, it's crucial for companies to have a plan for addressing the issue of internal leaks, as the threat is real and the costs are high.
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