A Crucial Step in Risk Mitigation
At the heart of insider risk lies the focus on people, their behaviors, and the specific risks they pose to your organization. Our comprehensive approach to risk mitigation empowers your organization to proactively detect unusual behaviors, analyze them across both physical and virtual environments, and present these insights in actionable, meaningful ways.
Limited Perception
Fewer than 20% of enterprises have implemented an insider risk management program. Most organizations tend to concentrate on external threats, neglecting to monitor authorized users or lacking the data fidelity necessary to support insider-related use cases.
Constricted Perspective
Organizations with an insider risk program often concentrate solely on data loss or technology, overlooking the broader range of risks that insiders can uniquely present to the organization.
Adaptive, Not Preemptive
While many organizations have alert systems for technical control violations, there are significant opportunities to enhance organizational controls to prevent insider activities from occurring in the first place.
Cost of Data Loss
Insider threats account for over 50% of all data losses, with the total costs associated with these risks increasing by 31%—from $8.76 million in 2018 to $11.45 million in 2020. Also, the cost of insider threats increased globally, with an average annual cost of $15.4 million in 2022, a 34% rise from 2020*.
*Ponemon Report 2020 Cost of Insider Threats: Global
Employee Negligence
Many employees lack a comprehensive understanding of the policies, laws, and regulations relevant to their roles, which can lead to significant organizational damage due to carelessness.
Malicious Insiders
Malicious insiders often pose the greatest threat. When successful, they leverage their in-depth knowledge of an organization’s security measures to exploit vulnerabilities effectively.
The struggle is real, but worry not. Handling risk is part of our M.O., and we’re always standing by.
It's time to break away from a fragmented mindset and move beyond the belief that “technology can solve this.” So, how do you do it?
Visibly is here to help you proactively address insider incidents and identify risks, minimizing potential damage to your organization. We will educate, prepare, and empower you to effectively prevent, detect, respond to, and recover from threats. Our support spans from the initial development of your program to its continuous enhancement as it matures.
With Visibly’s insider risk management framework, you can:
Our framework emphasizes the importance of cultivating a supportive culture that aids your workforce during challenging personal and professional situations. You will create employee programs that highlight the value of your team, ultimately aiming to reduce the risks associated with insider activities.
Collaborate with Visibly to create and manage an effective insider risk program. We assist our clients to:
Develop a risk program that integrates various methods for monitoring insider behavior while minimizing false positives.
Implement policies, processes, and the appropriate technology stack to establish a baseline for normal data access and proactively monitor for policy violations.
Manage and oversee security events, both on-premises and in the cloud, to help prioritize your security team's focus and enhance personnel training.
Visibly’s Insider Risk Data Fabric Solution maximizes your existing technology investments while utilizing our expert insider risk consultants and data scientists to detect anomalous insider activity. We apply our proprietary set of potential risk indicators (PRIs) specifically tailored to your business operations, industry, and the types of individuals interacting with your systems.
By recognizing potentially risky behavioral patterns through on-premises, cloud, and enriched data sources, Visibly’s Insider Risk Data Fabric empowers you to proactively assess the inherent risks to your organization and optimize your technology landscape.