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Code42 2019 Global Data Exposure Report Finds 69% of Security Leaders Say Data Loss Prevention Cannot Stop Insider ThreatCode42, the leader in data loss protection, released the annual 2019 Global Data Exposure Report. The study found that insider threats - caused by current and departing employees - expose companies to breaches and put corporate data at risk. The research also questions whether the right data security solutions are being funded and deployed to stop insider threats and asserts that legacy data loss prevention solutions fall short in getting the job done. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191003005222/en/ Today, 79% of information security leaders believe that employees are an effective frontline of defense against data breaches. However, this year's report disputes that notion.
Wake-Up Call: Insider Threats are your Biggest Danger to Data Security
"Organizations are overlooking the most harmful data security threat: their own employees. While security leaders likely are aware of the problem, they may not grasp the sheer magnitude of it. And most have fallen behind in effectively detecting and responding to insider threats," said Joe Payne, Code42 president and CEO. "The brutal truth is employees take data. Companies that don't have or underinvest in an insider threat program or rely on legacy data loss prevention solutions, are feeling the pain and winding up in headlines. Security leaders must find a better way to protect sensitive company data and address threats coming from within their own walls."
Dearting Employees Pose Major Security Risks
Traditional Prevention Solutions Are Not Working
In line with these findings, a commissioned study conducted by Forrester Consulting in 2019 on behalf of Code42 found that four in five (81%) survey respondents need a better way to protect sensitive data without slowing down innovation. Furthermore, nearly half (48%) of them also deemed it a critical priority in the next year to better protect sensitive company and customer data. "We're seeing companies empower their employees without the proper security programs in place, leaving companies in a heightened state of risk," said Jadee Hanson, CISO and vice president of information systems of Code42. "In addition to enforcing awareness trainings, implementing data loss protection technologies and adding data protection measures to on- and off-boarding processes, organizations should not delay in launching transparent, cross-functional insider threat programs. Insider threats are real. Failing to act will only result in increasingly catastrophic data loss and breaches." Download a free copy of the 2019 Global Data Exposure Report here.
Methodology
The respondent breakdown is as follows: Information Security Leaders:
Almost a quarter (21%) of the information security audience are representative of the C-suite, including CISOs, CSOs, CIOs and CTOs. Business Decision-Makers:
Thirty percent of the business audience are representative of the C-suite. The research surveyed 1,028 information security leaders, as well as 615 business decision-makers, all with decision-making powers, or influence over, the provisioning of cybersecurity solutions, products and services.
About Code42
More than 50,000 organizations worldwide, including the most recognized brands in business and education, rely on Code42 to safeguard their ideas. Founded in 2001, the company is headquartered in Minneapolis, Minnesota, and backed by Accel Partners, JMI Equity, NEA and Split Rock Partners (News - Alert). For more information, visit code42.com, read Code42's blog or follow the company on Twitter. © 2019 Code42 Software, Inc. All rights reserved. Code42 and the Code42 logo are registered trademarks or trademarks of Code42 Software, Inc. in the United States and/or other countries. All other marks are properties of their respective owners. View source version on businesswire.com: https://www.businesswire.com/news/home/20191003005222/en/ |