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1/23/2017
09:35 AM
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Cyber Incidents Hit 85% Of Firms Over Past 12 Months

Insider threat is a key factor in the growth of cyber, fraud, and security incidents among global companies in 2016.

Eighty-five percent of executives say they were hit with a cyber incident in the past year, according to the 2016/2017 Kroll Annual Global Fraud and Risk Report. Malicious insiders prove the greatest threat.

One-third (33%) of respondents suffered virus attacks and 26% experienced email-based phishing attacks. Intellectual property theft/loss was the most common type of security incident, as reported by 38% of execs who experienced security problems. An increase in corporate fraud was driven by incidents of market collusion (15%) and misappropriation of company funds (11%).

Current and past employees are primarily responsible for fraud, cyber, and security issues. Nearly half (44%) of respondents hold insiders responsible for cyber incidents; more than half (56%) say insiders were "key perpetrators" of security problems.

Three-quarters (76%) of companies have begun to mitigate risk by implementing in-house security assessments of their IT and data infrastructure, execs report.

Kroll's Tommy Helsby says: "The impact of such incidents is significant, with punitive effects on company revenues, business continuity, corporate reputation, customer satisfaction, and employee morale."

Read full survey here.

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JulietteRizkallah
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JulietteRizkallah,
User Rank: Ninja
1/26/2017 | 6:13:42 PM
Insider threats will continue to grow
With corporations providing access to more and more users to sensitive data, the issue of insider threats will more than likely increase.  This is why visibility in who access what and how is critical.  Let me explain: access used by a legitimate user cannot be flagged, but excessive access to various data at odd times by any legitinate users could raise a flagg if highlighted to IT staff.  Analytics, identity analytics, to be correct, will be critical to detect such abnomalies and provide visibility to corporations and their IT staff...until then...insiders will have a field day with sensitive data.
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