Bitglass 2020 Insider Threat Report Reveals 61% of Companies Have Experienced an Insider Attack
Enterprises report the average cost of an insider attack is as much as $2 million
CAMPBELL, Calif. — Bitglass released its 2020 Insider Threat Report, which uncovers the state of enterprise security as it pertains to insider threats. Bitglass partnered with a leading cybersecurity community and surveyed IT professionals to understand how their businesses balance budgetary and data protection concerns while defending against insider threats.
Employees, whether careless or malicious, can pose a great risk to organizations. A majority of survey respondents (61%) reported at least one insider attack over the last 12 months. Of those, 22% reported at least six separate attacks. Businesses are currently undergoing seismic shifts, including rapid migrations to the cloud and widespread adoptions of remote work and bring your own device (BYOD) policies. Along with these trends, securing against insider threats has become increasingly challenging. Most organizations cannot guarantee detection of insider threats stemming from personal devices (82%) or the cloud (50%), and 81% find it difficult to even assess the impact of insider attacks.