August 28, 2023 By Katie Schwarzwalder 2 min read

While external cyber threats capture headlines, the rise of insider threats from within an organization is a growing concern. In 2023, the average cost of a data breach caused by an insider reached $4.90 million, 9.6% higher than the global average data breach cost of $4.45 million. To effectively combat this danger, integrating advanced analytics into data security software has become a critical and proactive defense strategy.

Understanding insider threats

Insider threats come from users who abuse authorized access to a company’s assets deliberately or accidentally. There are typically two types of insider threats: intentional (malicious) and unintentional. An unintentional insider threat could be caused by negligence or simply an accident. Intentional threats are actions that harm an organization for personal benefit or grievance.

Regardless of the intent, both types of insider threats can have severe consequences for businesses. Detecting and mitigating these risks quickly is crucial — breaches initiated by malicious insiders took nearly 308 days to resolve.

Need for fast detection

Traditional methods of detecting threats have trouble keeping up with evolving attacker tactics. Advanced threat detection analytics can help to provide a dynamic, proactive way to swiftly identify insider threats by scanning and analyzing data. Rapid detection is crucial due to its role in reducing financial losses, preserving reputation, minimizing data exposure, meeting compliance demands and ensuring operational continuity.

Explore the Cost of a Data Breach report

Power of advanced analytics

Fueled by machine learning and artificial intelligence, advanced analytics has revolutionized organizations’ approach to identifying and responding to insider threats. By dynamically assessing risk factors to identify potential risks across an entire system, advanced analytics can establish behavior benchmarks and identify potential threats through evolving patterns.

Behavioral analysis examines historical and real-time data to develop detailed user behavior profiles to differentiate authorized actions from suspicious ones. Contextual insights, derived from vast datasets, provide a comprehensive view of user interactions for early anomaly detection. User and entity behavior analytics (UEBA) tools use diverse data sources to identify unusual behaviors. In addition, automation and orchestration streamline threat detection workflows and response coordination, reducing investigation time.

Data protection against insider threats

In a cybersecurity landscape loaded with daily challenges, insider threats demand immediate attention. Advanced analytics integrated into data security software offers a robust solution. Prompt detection of insider threats is pivotal for an organization’s financial stability, reputation and operational resilience. By leveraging advanced analytics, organizations can strengthen their defenses, stay ahead of insider threats and safeguard their crown jewels: their data.

If you’re interested in learning more about how advanced analytics in IBM Security’s Guardium Data Protection tool can help you detect insider threats faster, check out our website.

More from Data Protection

The compelling need for cloud-native data protection

4 min read - Cloud environments were frequent targets for cyber attackers in 2023. Eighty-two percent of breaches that involved data stored in the cloud were in public, private or multi-cloud environments. Attackers gained the most access to multi-cloud environments, with 39% of breaches spanning multi-cloud environments because of the more complicated security issues. The cost of these cloud breaches totaled $4.75 million, higher than the average cost of $4.45 million for all data breaches.The reason for this high cost is not only the…

Data residency: What is it and why it is important?

3 min read - Data residency is a hot topic, especially for cloud data. The reason is multi-faceted, but the focus has been driven by the General Data Protection Regulation (GDPR), which governs information privacy in the European Union and the European Economic Area.The GDPR defines the requirement that users’ personal data and privacy be adequately protected by organizations that gather, process and store that data. After the GDPR rolled out, other countries such as Australia, Brazil, Canada, Japan, South Africa and the UAE…

Third-party breaches hit 90% of top global energy companies

3 min read - A new report from SecurityScorecard reveals a startling trend among the world’s top energy companies, with 90% suffering from data breaches through third parties over the last year. This statistic is particularly concerning given the crucial function these companies serve in everyday life.Their increased dependence on digital systems facilitates the increase in attacks on infrastructure networks. This sheds light on the need for these energy companies to adopt a proactive approach to securing their networks and customer information.2023 industry recap:…

Topic updates

Get email updates and stay ahead of the latest threats to the security landscape, thought leadership and research.
Subscribe today