Do you think that insiders can actually pose a threat to your business? According to a survey conducted by United States Secret Service “ The 2006 E-Crime Watch Survey” 32% of the electronic crimes were committed by insiders. In fact, the top security concern for business owners, CEOs, CIOs, CFOs, and CISOs is threats from insiders stealing important business and intellectual property. Insider threat detection, event monitoring and evaluation are key measures to stop data leakage and data loss.
Today most companies have implemented web content filtering solution to protect their business against latest cyber threats as well as monitoring for acceptable use of company resources; however, collecting the relevant information inside the network of what is accessed by whom and when and analyzing the data to examine that information is sometimes overlooked.
It is obvious that employees and contractors who are able to access an organization’s networks and facilities are in the best position to steal valuable information and the threats they pose warrant procedures to identify and detect such threats. According to Vormetric’s 2015 Insider Threat Report, approximately 93% of U.S. enterprises feel vulnerable to insider threats and approximately “44% of US organizations experienced a data breach or failed compliance audit in the last year.”
So how would one identify an insider threat? According to a study conducted by CERT “Insider Threat Study” gathering extensive insider threat information about 150 case files of crimes involving nation’s most critical infrastructure sectors verify that businesses that adopt best practices for information security can prevent many insider attacks or detect them before they happen. With the right security measures put in place, businesses will not only minimize their risks but also prevent future threats against insider threats as well as cyber criminals. In order to limit the security risks from cyber criminals and insider threats, it is necessary to have the right tools and software to guarantee protection.
Data Loss Prevention tools and risk indicator applications are the most common form of enhanced insider threat tracking today. Tools, such as data loss prevention and Security Information and Event Management (SIEM) software, find potential illicit activities by identifying changes in a person’s use of data based on their identity and job role. These tools allow security administrators to setup threshold limits, identify user roles and policies to monitor insider activity at all time. Similar tools like Splunk can correlate server and data base logs in addition to network and security devices to generate alerts and reports detecting potential inside attacks and threats.
SIEM solutions provide valuable information regarding company’s data risk rate and vulnerabilities from unpatched applications or systems. Security specialists claim that attacks are unavoidable, but insider threats are preventable by tracking suspicious inside traffic and enforcing policies that can catch an attack before it occurs. Insider attacks can be stopped by the right defense strategies to enforce security policies, procedures and tight control.