The Insider Threat to Enterprises

If you’ve ever sat through a business class, or read the news, you’ve most likely heard all about the external data security threats a business faces on a regular basis.

But rarely are the internal threats to a business discussed or acted upon. In real fact, internal threats are more common than one may believe, especially with the immense shift to remote working.

Some Facts:

It was reported that, since 2018, there has been a 47% increase in insider incidents. More than half those incidents were caused due to employee carelessness. With employees that have malicious intent causing most of the damage.

Internal threats may seem miniscule compared to external ones. But in reality, these incidents cost businesses between US$307,000–871,000 per incident.

The longer it takes an incident to be identified, the more it will cost a business. On average, incidents remain undetected for 314 days, costing companies an average of US$1,600,000.

With the pandemic, businesses have been forced to increase remote access for employees working from home. This has in turn resulted in a greater risk of insider threat.

PreventiveChain

PreventiveChain is a unique security management system built upon ParallelChain. It combines biometrics and blockchain to protect against insider cybersecurity threats.

With PreventiveChain, businesses are able to gain from a multitude of benefits:

  1. Multi-factor Authentication
    A smart and hassle-free login design to secure user accounts with extra layers of protection.
  2. Anti-Spoofing Facial Recognition:
    Accurate face identification that is able to conduct face identification in less than <0.1s, and is able to distinguish a real person from images.
  3. Remote Desktop Administration:
    Access for administrators remotely, to facilitate monitoring of activities, no matter the time or place.
  4. Security Watermark:
    Avoids screen capturing of sensitive enterprise data by exposing the user’s identity in screenshots.
  5. Data Storage Control:
    Usage of network and external storage such as cloud services, Bluetooth and USB is controlled.
  6. User Access Control:
    Readability of data is limited and is able to be granted based on account type.
  7. Export/Import Access:
    Allows importation, but not exportation, of files, records and images.

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