The inside thread is not a new phenomenon. Examples of trusted insiders exploiting, committing fraud, sabotaging, stealing IP and other acts of wrongdoing against those to whom they were supposedly dedicated are pervasive throughout human history.
As many organisations are learning, insider threats can significantly impact an organisation’s reputation, operations, finance, employee safety and shareholder confidence.
The increased risk and rise of insider threats and the ramifications of even a small breach of trust can destroy consumer trust and confidence, and the road back to the public’s good graces can be a long, unforgiving climb.
I believe it presents one of the most significant threats facing organisations today. But, unfortunately, Insider threat is often misunderstood due to its complex nature and the misconceptions surrounding it.
One common misconception is that the primary threat to an organisation comes from external sources, such as hackers or cybercriminals. However, the truth is that insiders, including employees and trusted individuals, including partners, can pose an equally or even significantly more risk.
Their access to sensitive information and decision-making power can enable them to cause significant harm if their actions are driven by personal gain or malicious intent. Therefore, understanding the diverse range of insider threats, both intentional and unintentional, is crucial and essential.
This phenomenon deserves the attention of leadership and its board members so that organisations can effectively prevent, detect, deter, and respond to emerging threats.
Join us and be at the forefront of insider threat management. Reserve your seat now for this paramount boardroom discussion on insider risk. Together, let’s create an environment where your organisation thrives amidst the challenges of the modern world.