“In the new work-from-home era, we’re constantly working on the go using a range of mobile devices, such as tablets and phones, relying on public Wi-Fi networks, remote collaboration tools and cloud suites for work,” he said. More recently, 36 percent said they experienced an increased volume of security vulnerabilities due to remote work. 2021 is the year where de-perimeterization of the network (which has been long predicted) finally happens and does so with a vengeance. While malicious insider threats tend to capture more of the headlines, far too many incidents are accidental and could have been prevented. “Between the security vulnerabilities bound to be exploited, the time it takes to patch those vulnerabilities, and the constant protocols being rolled out, using secure 5G networks won’t be a seamless experience in 2021.”. Insider threats are redefined in 2021, the work-from-home trend will continue define the threat landscape and mobile endpoints become the attack vector of choice, according 2021 forecasts. Infosec Insider content is written by a trusted community of Threatpost cybersecurity subject matter experts. According to experts, these are just a few of the themes to dominate the year ahead. Over the last two years, there’s been a 47% increase in the frequency of incidents involving Insider Threats. Insider threats are redefined in 2021, the work-from-home trend will continue define the threat landscape and mobile endpoints become the attack vector of … As ever, user awareness will need to be a priority, according to Bill Harrod, Federal CTO at Ivanti. Endpoint security issues equal some of the most challenging today and tomorrow. Learn how your comment data is processed. Content strives to be of the highest quality, objective and non-commercial. Get the whole story and DOWNLOAD the eBook now – on us! When IT owns the issue of insider threat, the result is a technology purchase that often doesn’t integrate all of the required business functions. Here we offer our latest thinking and top-of-mind resources. Our analysis of the different insider threats across sectors clearly showed distinct patterns for the three types of insider crime we have examined in this series: fraud, intellectual property theft, and IT systems sabotage. They explain, already 25 percent of data breaches are tied to insider threats and in 2021that percentage is expected to jump to 33 percent. KPMG does not provide legal advice. Many organizations are learning that the hard way. Upheaval in staffing needs and continued dependence on a remote workforce will create fertile attack vector for criminals looking to exploit insider threats. Loss in revenue 17% | No impact 13% 30% oss in copetitive edge 26% oss in ret vlution 22% penditure reediting Inbox Attacks: The Miserable Year (2020) That Was, Ticketmaster Coughs Up $10 Million Fine After Hacking Rival Business, Mobile threats accelerated in the backdrop of the COVID-19 pandemic – a trend expected to continue. Threats ranged from specialized spyware, encrypted messaging applications to criminals exploiting a slew of Android, As ever, user awareness will need to be a priority, according to, Meanwhile, 5G security took a backseat in 2021 even as those networks continued to roll out; but 2021 will see it return to the conversation — because, top the list of CISO budget and cybersecurity priorities, Forrester researchers believe the remote-workforce trend will drive uptick in insider threats, warns in 2021 the growth of an “insider-as-a-service” model, that shift will drive Cloud Security Posture Management (CSPM) in 2021, Researcher Breaks reCAPTCHA With Google’s Speech-to-Text API, Cloud is King: 9 Software Security Trends to Watch in 2021, How to Increase Your Security Posture with Fewer Resources, Taking a Neighborhood Watch Approach to Retail Cybersecurity, 6 Questions Attackers Ask Before Choosing an Asset to Exploit, Third-Party APIs: How to Prevent Enumeration Attacks, Defending Against State and State-Sponsored Threat Actors. Nikk Gilbert There is no question IT staffs are still reeling from the massive work-from-home shift that forced them to rethink cybersecurity and placed new dependencies on technologies such as cloud services and digital collaborative tools such as Zoom, Skype and Slack. Why does this matter? For these purposes, contractors and vendors are also considered employees; many of the largest cases in recent memory have trusted third parties at the… “To combat these threats… However, each type of crime also tends to differ across sectors. A: Insider threat indicators are clues that could help you stop an insider attack before it becomes a data breach. The right strategy will identify and operationalize elements of HR, Ethics, Compliance, Security, Procurement, and IT. This average spikes up to $756,760 when the attack is performed by pawns. Certainly an interesting perspective. “As we settle into a new year of this reality, mobile workers will be the biggest security risk as they view IT security as a hindrance to productivity and believe that IT security compromises personal privacy.”. The frequency of these incidents alone will drive up costs. Insider threat statistics from the Ponemon Institute show that two out of three insider threat incidents happen by accident. “The sheer amount of security alerts, of potential threats, is too much for humans to handle alone. Connect with us via webcast, podcast, or in person at industry events. IT and security professionals with elevated privileges needed for their job and gives them access to all systems, applications, and data. Multiple product categories and unclear product differentiation make evaluating insider threat detection solutions confusing for buyers. If your organization is concerned about insider risk and you want to take action, we would love the opportunity to connect with you to see how we can help mature your organization’s insider threat management program. According to Verizon’s 2018 Data Breach Investigation Report, healthcare is the only industry where insider threats outnumbered external threats (something that’s never happened before in any other industry). Improving business performance, turning risk and compliance into opportunities, developing strategies and enhancing value are at the core of what we do for leading organizations. Moving forward, researchers warn that enterprises should expect a “major increase” in spear phishing attacks in 2021 – due to automation. Join us for upcoming webcast events. This content creates an opportunity for a sponsor to provide insight and commentary from their point-of-view directly to the Threatpost audience. Oct 26, 2020 - Explore Dan Williams's board "Insider Threat", followed by 362 people on Pinterest. Many offer CPE credit. Common causes include: To help mitigate these type of threats, Board Directors should consider some key questions to improve the governance of insider risk: At KPMG, we have developed an insider threat management framework and we use it to help our clients develop a roadmap to begin - or improve - insider threat management. The strategy will determine whether new technology is even needed. So remember – it takes a strategy-first approach to reduce insider risk. From my experience with insider threats which spans over 20 years now - the top 2 insider threats to trade secrets, other sensitive business information, and personal information have been: There are also other forms and a variety of influences to the insider threat. According to cybersecurity experts15, phishing (38%) is the biggest vulnerability in the case of unintentional insider threats. “As more and more people adhere to the work-from-home schedule imposed by the coronavirus pandemic, employees will take cybersecurity shortcuts for convenience,” according to researchers at Bitdefender. Issue 6| May 13, 2020. The report acknowledged that meaningful, practical application of AI is still a way out. The rise of insider threats amid COVID -19 A weekly high-level brief that focuses on some of the most current cyber threats and trends as identified by Deloitte Cyber Threat Intelligence (CTI), with near -term recommendations on managing cyber risks to respond, recover and thrive through the COVID-19 global pandemic. Ransomware, insider threat, whether malicious or unintentional, cloud, and mobile are all on my radar for 2021. It will also include concepts learned from those with government counterintelligence experience. This makes combating insider threats one of the most critical issues for chief information security officers (CISOs). Threats ranged from specialized spyware designed to snoop on encrypted messaging applications to criminals exploiting a slew of Android  critical security vulnerabilities. “These ‘bad actors,’ literally, will become deep undercover agents who fly through the interview process and pass all the hurdles your HR and security teams have in place to stop them,” said Myrna Soto, chief strategy and trust officer for Forcepoint. Tune in to KPMG Advisory podcasts to hear perspectives on today's business issues. identify and exploit long-term trends and patterns associated with insider threats and has developed the Insider Threat Roadmap to guide its and the transportation communities’ holistic efforts to detect, deter and mitigate this risk. Today, anyone with insider access—outside contractors, consultants and vendors—can pose an insider threat. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance. “This will dramatically increase the volume of spear phishing emails attackers can send at once, which will improve their success rate. In this article, we use the term to mean the cyberrisk posed to an organization due to the behavior of its employees, rather than other kinds of insider threat, such as harassment, workplace violence, or misconduct. Defensive applications of artificial intelligence will have their moment in 2021, driving a trend of hyper automation, said Palanisamy. on January 4, 2021. The Threatpost editorial team does not participate in the writing or editing of Sponsored Content. The cost of insider threats (related to credential theft) for organizations in 2020 is $2.79 million. Other key findings in the report include: 68% of organizations feel vulnerable to insider attacks; 53% of organizations believe detecting insider attacks has become significantly to somewhat harder since … Some After shrinking in 2020, cybersecurity budgets in 2021 climb higher than pre-pandemic limits. • 53% of organizations believe detecting insider attacks has become significantly to somewhat harder since migrating to the cloud • 63% of organizations think that privileged IT users pose the biggest insider security risk to organizations This 2020 Insider Threat Report has been produced by Cybersecurity Insiders…
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