Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

14 years in prison and a $200,000 fine. That’s what it cost a Michigan chemist caught stealing trade secrets from Coca-Cola and Eastman Chemical Company. And no, she wasn’t an outsider—she was a trusted Principal Engineer with legitimate access to these technologies worth $120 million in development costs . Every year, companies fall victim and lose billions to corporate espionage attacks, with many attacks going undetected for months or even years.

Modern businesses are facing a diverse range of cybersecurity threats, from phishing emails to unauthorized access to company data. While restricting access rights and maintaining strict security policies can help, potential insider threats are always a security risk. Organizations must effectively monitor for signs of insider threats to prevent financial loss or the compromise of critical assets.

Insider threats continue to evolve at an unprecedented pace, presenting organizations with increasingly complex security challenges. By examining findings from IBM’s Cost of a Data Breach Report 2024, Ponemon Institute’s 2023 Cost of Insider Risks Global Report, and Cybersecurity Insiders’ 2024 Insider Threat Report, we can paint a comprehensive picture of current insider threat trends and their implications.