Somebody’s Watching Me

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cybersecurity

Greetings from Mr. Neversleep!

You may have noticed the media is filled with a firehose of information when it comes to cybersecurity. I’m often reminded of what’s important to focus on in this mammoth, inter-webbed world. It always ties back to being safe. We are constantly faced with the reality of considering the many risks and impacts that could affect this safety.

Some of the worst threats come from insiders that lie beneath the radar and use their knowledge to harm our business. In fact, the Ponemon Institute reports that insider threats have cost organizations as much as $26.5 million in the past year, with an average cost of $8.7 million. Last year, 28% of all data breaches involved the insider threats, says the 2018 Verizon Breach Investigations Report. Those numbers and statistics are compelling.

We’ve seen it all—intellectual property stolen or held for ransom, airplanes hijacked, confidential information stolen, and even revenue accidentally filtered from bank accounts. All were committed by one or more people with the information or access to cause damage. Some knew better and knowingly committed a crime, some may not have. How do we recognize them and prepare for them with good decisions?

In case you don’t already know, these are people within your organization such as your current or former employees, contractors or business associates who have inside information concerning your security practices, data, and computers. They have the “keys” and can use this “power” to threaten our safety. They don’t have to look a certain way or act suspicious.

There are some basic things you can do to avoid these types of threats. First and foremost, you always start by understanding what you are charged with protecting and who has access to it. Next, consider the risk to business or reputation if a loss occurs and if there is a better way to reduce it or avoid this type of threat.

We will “deep dive” into this and other great topics at the 2018 Oildex User Conference this September in Park City, UT. We hope to see you out there!