The recent report by DTEX Systems and the Ponemon Institute highlights a substantial increase in spending on insider risk management, with organizations dedicating over 16% of their cybersecurity budgets to tackle growing insider threats. The average cost of such threats reached $17.4 million in 2023, prompting 81% of surveyed organizations to adopt or plan for insider risk management programs. These investments are reportedly paying off, as the average time to contain such incidents has decreased to 81 days, along with improved financial and reputational outcomes during breaches.
With escalating foreign interference, global remote workforces, and a rapidly shifting political landscape, the need for proactive insider risk management has never been greater.
For the first time since the report's inception six years ago, the average time taken to contain an insider incident dropped, and now stands at 81 days.
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