Angus Loten
๐ค SpeakerAppearances Over Time
Podcast Appearances
And then it escalates.
And before you know it, they're fully willing accomplices to a pretty large data breach.
That can be a little bit tricky only because of the reputational damage that these kinds of insider attacks cause.
If it were just a glitch in cybersecurity or a technical issue, a digital issue that can be addressed, then that's one thing.
But if your customers or what have you see that this is something bigger, a corporate culture issue or angry employees,
That's a little harder to fix.
So a lot of companies that get hit with an insider, malicious insider attack, don't report it.
So it's tricky to get numbers on that.
IBM did in their latest sort of cost of data breaches, their best estimate
is that it's more lucrative than your average data loss.
It's about $5 million most companies are facing costs, whether that's through the ransom, whether that's just through downtime because you have to fix these things and address them.
It can also just be loss of data, business interruptions.