In its fourth year, the latest study into the financial implications caused by insider threats independently conducted by the Poneman Institute on behalf of Proofpoint has revealed an increase in both frequency and cost over the last two years. A little over 1,000 IT and IT security practitioners were surveyed in 278 organisations from across the globe, which had experienced at least one insider event. In total, these organisations recorded 6,803 insider incidents. Total costs rose 34%, from $11.5m in 2020 to $15.4m in 2021, while the overall volume increased by 44% over the period. Much of which can be attributed to the shift to homeworking. In addition, the frequency of incidents increased, with 67% of companies experiencing between 21-40+ incidents per year, up from 60% in 2020. Negligence is still the leading cause accounting for 56% of insider threats, at the cost of nearly $485,000 per incident.
Download the full 2022 Ponemon Cost of Insider Threats Global Report
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