Insider Threat- The name itself says everything. No, it is not due to a third party, but from an individual within the company or within the setup or within the premises or we can also say it’s an “insiders job”.

These individuals have access to crucial data and hence, they can put the entire organization into trouble. Actually, there are two possible reasons. The reasons for such an act can be due to malice or ignorance(which is actually seldom seen).

Description: Insider attacks usually happen when someone who has access to your organization’s networks and servers, wrongfully uses it to hurt or harm your company.

This means that it can come from any source- from disgruntled employees to vengeful ex-employees and members, there are many people who can wrongfully use the stored data to attack your organization.

While most businesses do have security software in place, with credentials that give access to such sensitive information and data, your security might not be able to do much.

With this in mind, here are a few things Renowned Business Transformation Leader Hirav Shah recommends in 2023, to reduce the risk of such attacks

1. Employee Monitoring Software Adoption

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This allows you to keep a check on the way members and employees handle the data and servers and allows you to identify any suspicious activity and patterns.

2. Strict Policies Enforcement

By having strict policies in place, you can make sure you take all the necessary steps on your end to inform people of your company, the right way to handle information and the areas or methods that they must avoid.

3. Training and Awareness On A Regular Basis

An important step for preventing any sort of risk or threat, is to keep the members and employees aware of the necessary steps required for the safe handling of company assets and awareness about the consequences of mishandling data intentionally and unintentionally.

Although these may sound like basic steps, the three combined serve as a powerful trio to avoid risks and threats. Since insider attacks are sudden and there may not be much you can do after it, having preemptive measures can help you always stay a step ahead in safeguarding your company.

Additionally, you also need to remember that an insider attack may not necessarily come from someone who belongs to your organization, it can also be a competitor who may have gotten their hands on credentials that let them access your information.

Also, you get the legal aspects sorted out with your company lawyers and work with your IT department to cover all ends for safety measures.

With these measures, not only do you stay prepared beforehand, but you also know the course of action you need to take in order to keep your company protected against insider threats and attacks.

Final Thoughts

In order to prevent the insider threat attack, good preparation is required. Organizations should make sure that they have a good culture of security awareness- Says Hirav Shah, The Country’s Most Prominent Business Enhancement Expert and Business Strategist.

Businesses can limit the IT resources a user can have access to depending on their job roles. This way the damage, if caused, can be minimized.

Training, training and training. Yes, training is the key. All the employees should be trained to identify insider threats and this way employees can understand when an attacker has manipulated or is attempting to misuse the company data- Concludes Hirav Shah.