2018-05-07 10:04:22TechnologyEnglishIncrease your profitability by reducing the threat of data leaks from inside your organization. Prevent inside threats by training your...https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2018/04/Business-Owner-Explains-Rules-About-Accessing-Data-To-Group-Of-Employees.jpghttps://quickbooks.intuit.com/ca/resources/technology/stop-inside-data-threats/How to Stop Inside Threats to Your Data

How to Stop Inside Threats to Your Data

1 min read

Do you have a firewall protecting your business data? Most companies do. Today, firewalls aren’t enough. Firewalls may protect you from outside threats, but what about inside threats? Research shows there’s a far greater threat from people inside your organization. According to the Ponemon Institute, insiders cost the average organization $16.3 million a year. This is 12 times as much as the damage caused by hackers. Since firewalls can only protect your business from outside threats, you need a strategy to protect your organization from inside threats as well.

Understanding why these internal hacks are happening is the first step in stopping them. Common reasons include malicious intent, personal gain or revenge. Sounds scary, but don’t fret. Research suggests that over 85 percent of insider incidents happen due to human error. For example, an employee may attach the wrong file to an email and share a proprietary file with the wrong people. Another common example is clicking on malware by mistake. Amazingly, 82 percent of these cases are simply due to an unfamiliarity with company security rules.

The easiest way to prevent internal threats is with training and employee screening. This is especially the case for employees using software with restricted access. Training isn’t just about cyber-security and the rules of access. Training also includes potential punishments. By including training on actions taken against those that break security rules, you may even deter insiders with malicious intent to leak data.

Another, perhaps more controversial, way to prevent internal threats is with cyber-security tools. These tools are set up to spy on your employees. Tools look for unwarranted or illegitimate behavior patterns. For example, the unwarranted use of restricted databases.

It is impossible to eliminate all internal threats, but you can greatly reduce the root cause with solid training and restricted access to proprietary data.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

Related Articles

The Basics of Firewalls and Antivirus Software

In today’s largely digital landscape, implementing cybersecurity measures is absolutely critical. After…

Read more

How Does a Data Breach Hurt Your Small Business?

A data breach can be disastrous to a small business — but…

Read more

Protecting Remote Workers' Computers From Cybersecurity Threats

As a small business owner, it’s becoming increasingly important to pay attention…

Read more