🔐 Goodbyes can harbor unforeseen risks, especially when departing employees possess crucial access and knowledge. Meet the "Lord Darths" of the corporate world—ex-employees with potent technical admin privileges, driven by motives to harm or exploit. Insider threats are real, and their impact can be substantial.
Consider the alarming history of insider threat cases; these individuals, armed with expertise and access, pose a considerable risk. Managing the employee lifecycle is pivotal and include everything from onboarding, retention, development, recognition, and exit. Our latest blog uncovers the critical stages of onboarding and exit - Check out the blog by Logpoint Security Analyst, Roshan Bhandari, on our website here or read key insights below:
Insights into Insider Threats
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Staggeringly, 74% of respondents to a survey feel moderate to extremely vulnerable to insider threats.
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The most critical impacts of insider attacks were loss of critical data (45%), brand damage (43%), and operational disruption or outage (41%)
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Insider threats can be costly, 59% of the insider threat motivation was monetary gains while 50% was reputationdamage.
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The time to contain an insider threat incident increased from 77 days to 85 days, leading organizations to spend the most on containment.
Notable Insider Threat Incidents
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The FBI arrests 21-year-old Air Force guardsman in Pentagon leak case.
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A Yahoo lawsuit alleged an employee stole trade secrets upon receiving a Trade Desk job offer.
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Proofpoint alleged an ex-exec took trade secrets to abnormal security.
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A fired healthcare exec stalls critical PPE shipment for months.
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An Apple lawsuit says 'stealth' startup Rivos poached engineers to steal secrets.