How do I prevent a malicious insider threat?
1:3 data breaches are due to malicious trusted insiders.
90% of senior managers are worried about the insider threat.
A malicious insider’s system access and knowledge of business processes can make them hard to detect. But there are practices you can put in place to reduce the risk of a malicious insider in your organisation.
Business processes: Personnel security (PERSEC)
For all employees, irrespective of their system access, pre-employment and background checks are a good first step. Be clear with new starters on how you can and will check their background and suitability to have access to PII or commercially sensitive information. You should also consider ongoing, periodic checks to ensure that you employees’ situations haven’t changed to enhance your organisations security posture, culture and overall contentment of your staff. These steps will help mitigate the insider threat. The more integrity and transparency you have in your work environment, the harder it is to act dishonestly. Additionally, happy, valued and challenged staff members are less likely to act to harm your organisation.
Thinking of selling your business?
Then know that a data breach in your recent past degrades your intangible assets – goodwill and reputation – by as much as 20% from a like-for-like company that has not had a breach. You can enhance your business’s valuation and reputation by having your staff’s background reviewed.
Need a threat assessment or cyber audit?
Avantia Corporate Services is a specialised business consulting practice that focuses on cyber security risk assessments and mitigation & resilience.
Data Privacy Insurance Cyber Data-Risk Managers Pty Ltd is an insurance broker based in Melbourne, Australia specializing in Cyber insurance / Data breach insurance.
Cyber Indemnity Solutions CIS provides data protection products and services by combining cybersecurity with data/cyber insurance for business including SME/SMBs, building a deep cyber defence strategy.
Information Integrity Solutions Pty Ltd. (IIS) helps public and private sector organisations embed trust, privacy and security as core value propositions internally and in their products and services.
CommsNet Group Pty Ltd delivers practical, street smart lessons on how you can effectively identify and mitigate against internal threats.
Are you a Cyber security auditor?
If you provide a whole-of-business perspective audit – not just pen testing (for example) or Top 4 or Essential 8 examinations – you can now report on ways to protect your client against malicious insiders because you are in the unique position to understand the organisation, IT systems, culture and business processes. By assessing the enterprise’s personnel to understand any underlying potential security risk or vulnerabilities on the risk surface you can provide specific immediate remediation advice and offer recommendations and pathways to establish a strong cyber employee posture and better cyber hygiene going forward.
Talk to us about how Cleard Life can assist your situation.