Insider data breaches can cost companies as much as 20 percent of revenue

Data breaches from insiders can cost as much as 20 percent of annual revenue according to a new study from insider risk management company Code42. Combine this with a recent Microsoft report showing that 40 percent of people are planning to switch jobs as we emerge from the pandemic, and clearly there's a risk as the very technologies that enable the free flow of data in an organization are also the ones that make it easy for insiders to exfiltrate data. According to the findings at least 33 percent of reported data breaches involve an insider and 78 percent of… [Continue Reading]