Quadrant Knowledge Solutions SPARK Matrix™: Insider Risk Management 2024

Detection of insider threats remains a challenge for organizational security teams

Bad actors have legitimate access to sensitive data, necessitating preventive measures. This research service includes a detailed analysis of global Insider Risk Management market dynamics, vendor landscape, and competitive positioning analysis. The goal is to provide strategic information for technology vendors to better understand the market supporting their growth strategies, and for users to evaluate different vendors' capabilities, competitive differentiation, and market position.

Key Market Drivers and Technology Trends

User and Device Monitoring enables organizations to monitor and track all user and linked device activities to detect suspicious user behavior and provide advanced protection techniques in order to effectively respond to security incidents. 

Advanced Threat Detection provides visibility and control over internal data access, prevents organizational security violations, enables organizational IT systems to detect insider threats, and minimizes security vulnerabilities with its advanced threat detection capability.

User and Entity Behavior Analytics allow organizations detect, alert, prevent, and respond to known and unknown user behavior or attacks before they have a significant impact. The capability helps identify malicious insiders and detect whether a user’s credentials have been hacked or misused.

Risk Response Automation mitigates threats automatically in real-time by monitoring users’ activities regarding applications and data, while automatically blocking or restricting access to an application or privileged data in case of unusual behavior. 

Audit and Reporting provides capabilities allowing organizations to easily audit user and supplier access, granting information regarding their activities to spot and prevent any suspicious activity.

Analytics and Dashboarding provide holistic insights into suspicious or unauthorized file movement and likely data exfiltration activities in the corporate network, enabling a better understanding of the impact of the implemented IRM solution by displaying the number of threats mitigated in advance by the solution. 

Data Loss Prevention offers capabilities that allow organizations to identify, classify, and gather information on privileged data, blocking any unauthorized users or malicious insiders attempting to access the privileged data.

“With overall strong performance across the parameters of technology excellence and customer impact, Bottomline has been positioned amongst the 2024 technology leaders in the global Insider Risk Management market.   

- Aiyaz Ahmed Shaik, Analyst at Quadrant Knowledge Solutions