Industry & Business

Malicious Insiders are Fastest-growing Threat Facing Businesses, say CIOs

 Breaking News
  • Fáilte Ireland Crafts a New Path to Success Across Ireland’s Ancient East Fáilte Ireland has unveiled a bespoke toolkit to equip and train craft businesses across Ireland’s Ancient East with the skills to maximise the potential of craft tourism to generate increased revenue and support local jobs. John Paul Phelan TD, Minister of State for Local Government and Electoral Reform, officially launched the Fáilte Ireland toolkit at Kilkenny’s Jerpoint Glass – a [...]...
  • Property Market Grows 8% – Almost Half of Homes Bought With Cash The latest quarterly Consumer Market Monitor (CMM), published by the Marketing Institute of Ireland and UCD Michael Smurfit Graduate Business School, shows slow but steady growth in Ireland’s residential property market, with 55,000 homes purchased in 2018, an increase of just 8% on the previous year. Excluding mortgages from the 2018 figures, there were almost 25,000 [...]...
  • Kerry Group Benefits From Unique Business Model Kerry Group, the global taste, nutrition and consumer foods business, has reported a 3.1% increase in revenue to €6.6 billion for the year ended 31 December 2018, reflecting strong volume growth and contribution from acquisitions, partially offset by adverse currency movements. Business volumes grew by 3.5% and pricing decreased by 0.5% against a backdrop of [...]...
  • 30% Increase in Dublin Industrial Take-up Dublin industrial take up for 2018 totalled 3.3 million sq ft which is a 31% increase on last year. Whilst activity was dominated by smaller deals, take-up totals were boosted by a number of larger-sized deals. There were 14 deals greater than 50,000 sq ft in the last 12 months. The top 5 deals this [...]...
  • Skillnet Ireland Wins Big at Top Digital Awards 2019 Skillnet Ireland, the national agency responsible for the promotion and facilitation of workforce learning, won big at the recent 2019 Digital Media Awards , picking up the award for Best Brand. Other finalists in the ‘Best Brand’ category included Diet Coke, BMW, Thérapie Clinic and 98FM. Established in 2005, the Digital Media Awards are the most [...]...

Malicious Insiders are Fastest-growing Threat Facing Businesses, say CIOs

Malicious Insiders are Fastest-growing Threat Facing Businesses, say CIOs
February 05
14:15 2019

Logicalis Ireland, the IT solutions and managed services provider, has announced the results of a survey which shows that malicious insiders are the fastest-growing threat to businesses, according to CIOs. The research was conducted in October and involved 840 IT leaders from Ireland and across the globe.

Thirty-nine per cent of CIOs said that malicious insiders are a main concern for their organisations. Lack of staff awareness and resulting mistakes were cited by 56% of respondents, highlighting that the human dimension of cyber risk is more of a focus than ever before. Malware and ransomware (68%), data breaches (54%) and phishing (49%) also ranked highly as top security risks.

As a result of such concerns, 93% of CIOs are now devoting up to half their time on information security. In fact, more than half spend at least 30% of their time on this area. This is also reflected in how CIOs are measured with 73% measured on system availability and 60% admitting that risk mitigation is a key performance indicator.

There has also been a shift in terms of how IT leaders view their organisation’s approach to security. Over a third agree that a policy of cyber resilience is needed, as opposed to a purely defensive strategy. In addition, 10% of respondents revealed they are currently reassessing their security footing.

It seems that security has been overlooked somewhat with 28% of CIOs not knowing what security standard they adhere to – 14% adhere to no standard at all – and 10% unaware of which security technologies make up their frameworks. Again, the human element is identified as a point of weakness with 42% not carrying out user awareness training for staff.

Ross O’Donovan (pictured), Information Security Practice Lead with Logicalis Ireland, said: “Over the last few years, there have been major developments in terms of new capabilities, services and expertise in IT. With this progression comes new risks and threats, so security has never been more important for organisations.

“In particular, CIOs are focusing on internal threats as they realise that a tech-based defence is not enough with people often the weakest link in the company defence strategy. Human error and malicious insiders pose a major threat to organisations. If companies don’t address these, it could be extremely costly for them and their customers.

“As well as an advanced next generation firewall, businesses need to implement a human firewall in terms of their employees. At Logicalis Ireland, we understand that that while every organisation is different our standards based approach of focusing on your people, processes & technologies will ensure they are highly resilient to risk – both external and internal – through managed security solutions that offer proactive defence, detection and recovery.”

About Author

admin

admin

Related Articles

New Subscriber

Subscribe Here



Advertisements





















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4