IoT devices most vulnerable to internal security threats
A new study has found internal employees are the biggest security threat to a company, with IoT devices being the most vulnerable.
Cybersecurity threats from the inside, whether it’s from contractors or employees, continue to be a growing worldwide concern, with vulnerable IoT devices at the greatest risk for data losses.
Those insider threats have increased in both frequency and cost over the past two years, according to the Ponemon Institute’s Proofpoint’s 2022 Cost of Insider Threats Global Report.
The 2022 report includes survey responses from more than 1,000 IT professionals worldwide who experienced a recent cybersecurity incident due to an insider threat.
Of those surveyed, 63% said they are worried about unmanaged IoT devices resulting in the loss of sensitive data, by the cloud (52% of respondents) and the network (51%).
The findings show threats rose 44% over the past two years, with costs per incident up more than a third to $15.38 million.
In large part, that increase in cost is a result of the increase in time leading organizations spend to contain insider incidents, from 77 days to 85 days. Incidents that took more than 90 days to contain cost organizations an average of $17.19 million on an annualized basis.
Negligence was determined to be the root cause of most insider incidents.
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