Insider Threat

Insider threat refers to any threat that comes from business workers – meaning a current or former employee, a contractor, an associate, or any other worker who intentionally or unintentionally exposes the company’s SaaS environment to cyber risk. Especially with hybrid or remote work, the risk of insider threats can devastate an organization quickly.According to the Cost of Insider Threats by IBM Security, “Negligent employees or contractors were the root cause of 2,962 of the 4,716 incidents reported.”

Insider data breaches could cost your business billions and cause significant damage to your brand and bottom line. Insider threat can also cost you: 

• Theft or loss of mission-critical data or intellectual property
• Unauthorized access to sensitive data
• Costly downtime on organizational productivity
• Legal and regulatory impacts, including litigation defense cost and fines
• Loss of confidence and trust among key stakeholders
• Deterioration of marketplace brand and reputation

According to IBM’s Cost of Insider Threats: Global Report 2020, companies spend an average of USD 644,852 on each incident caused by insider threat because of the following:

1. Negligent or inadvertent employee or contractor
2. Criminal insider including employee or contractor malice,
3. Employee/user credential theft (a.k.a. imposter risk)

Regular SaaS data audits are a strong strategy to prevent the risk of insider threat with an overall view of your SaaS environment.

Solutions like SpinDLP help SecOps and IT teams with inside threat detection. They provide monitoring of SaaS environments and help identify unauthorized access, sensitive information sharing, and data theft. SpinDLP also helps set security policies to enhance insider threat prevention.

SpinDLP is a cybersecurity solution that detects anomalous activities, SaaS data misuse activities, and other cybersecurity risks across your cloud data environment. SpinDLP helps protect against insider threats and data misuse by continuously monitoring your enterprise’s cloud data, and allowing you to:

• View all data shared in the cloud SaaS environment
• View ownership of files
• Audit users with whom data has been shared
• Apply rules to files based on SpinOne security policies
• Quickly see files that are shared externally to the public
• Discover sensitive information such as credit card numbers (CCNs) shared using email
• View and sort data by an individual
• Generate data audit reports and export the audit reports as needed

Spin Data Leak Prevention and Data Loss Protection (SpinDLP) provides complete visibility over who can access, share, or modify sensitive data and offers swift, fully automated incident response.

Yes, SpinDLP can significantly improve your remote work security posture and mitigate insider threats by helping you define and enforce policies that restrict access to sensitive data, monitor employee activity related to sensitive data, trigger alerts for security personnel, and even block attempted data transfer in real-time. 

As long as the accounts are licensed under SpinDLP,  it monitors the accounts regardless of whether they are users or administrators.

SpinDLP mitigates insider threats in real time by monitoring user behavior, analyzing activity logs, and enforcing data loss prevention policies. Leveraging machine learning and behavioral analytics, it detects anomalies and triggers automated responses such as access restriction and alert escalation.