Data breaches from insiders can cost as much as 20% of annual revenue

From securitymagazine.com

Aberdeen-Code42study.jpg

As companies emerge from the pandemic, and 40% of employees are planning to switch jobs1, corporate data is at risk. Files are being uploaded, shared, synced and emailed by employees as a normal course of everyday business or as they prepare for their next role with different organizations. The very same technologies that enable the free flow of data in an organization are also the ones that make it easy for insiders to exfiltrate data. According to a recent study conducted by Aberdeen and commissioned by Code42, data breaches from insiders can cost as much as 20% of annual revenue. Perhaps just as important, the study showcased that at least one in three reported data breaches involve an insider. Both accidental and malicious Insider Risk can cost businesses material portions of revenue on an ongoing annual basis.

Read more…