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Author's profile photo Tobias Keller
Tobias Keller
August 4, 2014 1 minute read

“Insider” data leaks are costly – and hard to defend

/wp-content/uploads/2014/08/theeconomist_cr_512652.pngThe Economist recently featured a special report on cyber security, focussing on external threats to data security (mainly revolving around external threats posed e.g. by hackers).
There is a also a paragraph homing in on inside threats in the article on “Digital Disease Control”:
  • Inside threats appear to be a very costly risk: A study by Carnegie Mellon University of 100+ cases of intellectual property theft by insiders found that the median damage exceeded US$ 1m. Average cost of data breach per record typically exceeds US$100 – and a multiple in several industries, mainly health care, education, pharmaceutical, and financial.
  • Chris Hadnagy (a specialist on Social Engineering) was then quoted saying, “An insider threat is a thousand times worse than a a hacker threat because it is so hard to defend against“.
It is exactly this type of threat that SAP UI Logging/Masking solutions aim to tackle
Source: The Economist, 12 July 2014. Business: Digital disease control
Economist_CostOfDataBreach_PerRecordPerIndustry.jpg

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