New 2020 Ponemon Institute Study: Frequency and Cost of Insider Threats Have Spiked Dramatically in Last Two Years

New 2020 Ponemon Institute Study: Frequency and Cost of Insider Threats Have Spiked Dramatically in Last Two Years

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New 2020 Ponemon Institute Study: Frequency and Cost of Insider Threats Have Spiked Dramatically in Last Two Years

TL;DR: According to a new study from Ponemon Institute, sponsored by ObserveIT and IBM, the frequency of insider threats has risen by 47% in only two years. Insider threats cost organizations 31% more than they did in 2018. Read on to learn more.

A new study released today from Ponemon Institute, 2020 Cost of Insider Threats, showed a dramatic increase in both the cost and frequency of insider threats since 2018. According to the study, the average global cost of insider threats rose by 31% in two years to $11.45 million, and the frequency of incidents spiked by 47% in the same time period.

Researchers at Ponemon Institute spoke with 964 IT and security practitioners at 204 organizations with a global headcount of 1,000 or more in North America, Europe, the Middle East, Africa, and Asia-Pacific. A total of 4,716 insider-caused incidents were identified across all organizations in the past 12 months. The study was sponsored by ObserveIT a Proofpoint company and IBM.

In this post, we’ll share some highlights from the report and give you some guidance on how to get proactive about Insider Threat management within your organization. READ MORE…