Endpoint Security and the Insider Threat Risk

Insider breaches are proven security threat, but unfortunately C-level executives often don’t believe that this type of security risk is a real possibility at their company. A recent insider breach at a software firm in the UK now has companies around the world worried. Sage, a provider of accounting and payroll business software in the UK, has experienced a data breach that was caused by a company employee. The employee, a 32-year-old woman, was charged with fraud against the company. 

A data breach like this significantly affects a company’s brand and reputation, which in turn affects finances. As a result of this data breach, Sage’s stock shares opened 4% lower and their stock went down by 1.2%. The data breach caused shareholders to lack confidence in the company, which affected the company financially. Insider breaches are even bigger risks to small companies because a data breach can lead to regulatory fines. If a small company that operates in the finance or healthcare industries experiences a data breach, the penalties of that breach can eat into company profits. 

Below are a few tips for companies so they can keep their data secure from insider threats:

• Companies should partition data so only certain employees have access to confidential information.

• After this data breach, companies might also consider monitoring employees when they look up confidential information.

• Use a third-party endpoint security solution to monitor for unauthorized activity. Promisec Endpoint Manager (PEM) can detect when unauthorized users are trying to access confidential data.