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Using Technology to Stop Fraud and Theft from the Inside Out
Most employees are ethical. A certain percentage, however, are not. These malicious actors work from inside your organization to steal, sell, or manipulate data for their own gain. The risk they pose to your company is real and it is growing.
According to Ponemon Institute’s 2022 Cost of Insider Threats report, insider threat incidents increased by almost 50% over the prior two years and the mean containment time for an insider incident is 85 days. This is concerning since every day of delay represents additional time for bad actors to continue their unscrupulous activities.
Since it is not possible to prevent dishonest employees from making the attempt to defraud you, there is only one recourse to minimize the risk to your business: detect and contain the greatest number of insider threats in the shortest amount of time.
A wide range of technology solutions exists to aid in this endeavor, such as endpoint detection and response (EDR) systems, agent-based technologies, managed services, data loss prevention (DLP) solutions, and more. A layered approach that takes advantage of complementary capabilities typically delivers the strongest outcomes. Providing an effective solution typically requires dealing with three main factors:
1. Getting the Data: How does the technology capture data related to employee behavior?
2. Analyzing the Information: How does the technology provide insights into employee behavior?
3. Investigating the Alerts: How does the technology support investigators in documenting and assessing employee behavior?
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