Code42 Data Exposure Report: COVID-19 Creates Perfect Storm for Insider Risk Growth, Organizations Unprepared to Protect Data

Code42, the insider risk detection and response leader, released its latest Data Exposure Report on Insider Risk. The study, conducted by Ponemon Institute, found that both business and security leaders are allowing massive Insider Risk problems to fester in the aftermath of the significant shift to remote work in the past year. During that same time, three-quarters (76%) of IT security leaders said that their organizations have experienced one or more data breaches involving the loss of sensitive files and 59% said insider threat will increase in the next two years primarily due to users having access to files they shouldn’t, employees’ preference to work the way they want regardless of security protocols and the continuation of remote work. Despite these forces, more than half (54%) still don’t have a plan to respond to Insider Risks.

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The @Code42 #DataExposureReport just launched. It found that COVID created a perfect storm for #InsiderRisk – employees are 85% more likely today to leak files than pre-COVID. Get the full report:

“Insider Risk affects every organization. It is a byproduct of employees getting their work done everyday – how they create, access and share files in today’s collaboration culture. However, security teams are at a disadvantage: there is a lack of understanding of Insider Risk, which is leading to complacency, failing technologies and inadequate processes. The severity of the Insider Risk problem is being consistently overlooked, evidenced by the sharp rise in risky behavior this year,” said Joe Payne, Code42’s president and CEO. “Our findings show that organizations are not even measuring the efficacy of their Insider Risk mitigation programs. Inattention to Insider Risk Management, as demonstrated in this report, will threaten the future of the digital enterprise.”

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COVID-19 exacerbated an already growing threat

Prior to the pandemic, cloud-based collaboration technologies and workforce turnover had become major drivers of data exfiltration as insider threat programs were failing to keep pace with today’s digital workplace. Insider Risk is not a new threat vector, but with our new work-from-home normal and rising employee burnout rates, employees are 85% more likely to leak sensitive files now, than before COVID. And the leaking of sensitive files isn’t just theoretical – since COVID-19, 61% of IT security leaders said their remote workforce was the cause of a data breach.

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Code42COVID-19DataExposureReportNewsPonemon Instituterisk detectionRisk ManagementRisk problems
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