Insider Threats Among UK Firms Fell in 2018, but Risks Remain

employee setting up date encryption for deviceU.K. companies face fewer insider threats as of July after a report showed that it fell to 65 percent as of July, down from 73 percent in 2017 based on a report. However, this number still represents a high percentage.

Other risks such as younger employees being more vulnerable to security lapses are also a concern, according to senior executives.

Regulatory Compliance

Now that the General Data Protection Regulation (GDPR) compels employers to protect their data more efficiently, British companies should invest more in cybersecurity resources. Insider threats may either be unintentional, including an employee unknowingly clicking a virus from an email link, while intentional acts are likely even from ex-workers.

The report showed that 13 percent of all cyber-attacks by former employees happen not only in the U.K. but also in Germany and the U.S. Overall, unintentional or malicious insider threats account for almost 40 percent of all incidents, which only shows the importance of enforcing strict rules among your employees.

Physical Protection

Digital security is important, although companies should also neglect the safety of their premises. Photo ID badges among U.K. companies have been a common way of keeping intruders away, and employers can modernise them by attaching IDs to a centralised network.

Young employees should also be well aware of a cyberattack’s implications. For instance, a survey of 1,000 employees revealed that 15 percent willingly let others use their passwords. This ranks as the top concern among the 500 surveyed executives.

Social media behaviour serves as an issue for them, as they worry about how their employees’ use of networking sites may reflect on their companies’ brand and reputation.

The prevalence of online technology has made it easier for employees to do their jobs, but this comes at the expense of compromising online security. How do you plan to keep your physical and digital property safe from insider threats?