New 2020 Ponemon Institute Study: Frequency and Cost of Insider Threats Have Spiked Dramatically in Last Two Years
By : Tek Editor -
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.