“According to Ponemon Institute research, insider negligence and maliciousness can be one of the major causes of a costly and reputation damaging data breach. As reported in the Ponemon Institutes most recent Cost of Data Breach study, malicious insiders cause 31 percent of all data breaches and the average cost of such a breach is $318 per lost record. We believe this study is important because it reveals how prevalent insider fraud is in the organizations we studied, the consequences of fraud and how much money is needed to reduce the risk. In our study, we defined insider fraud as the malicious or criminal attacks perpetrated upon business or governmental organizations by employees, temporary employees and contractors. Typically, the objective of such attacks is the theft of financial or information assets which include customer data, trade secrets and intellectual properties. Sometimes the most dangerous insiders are those who possess strong IT skills or have access to your organizations critical applications and data. Other risks with potentially severe consequences are the intentional or accidental data misuse or policy violation.”
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