#InsiderThreats

Mimecast Announces Acquisition of Aware, Doubles Down on AI-Powered Human Risk Management Capabilities

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August 14, 2024 at 03:17PM Mimecast, a global Human Risk Management platform, has acquired Aware, an AI collaboration security platform. This acquisition aims to enhance Mimecast’s capabilities in managing human-centered security risks, especially in workplace collaboration tools. Aware’s AI models are designed to identify risks and improve compliance, complementing Mimecast’s existing investments in AI. Customers … Read more

Suspicious Minds: Insider Threats in The SaaS World

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August 6, 2024 at 08:06AM The text discusses the challenges of insider threats in SaaS security and the importance of detecting and responding to these threats. It introduces the concept of Identity Threat Detection & Response (ITDR) and its role in monitoring and responding to suspicious behavior, emphasizing the need for a comprehensive SaaS security … Read more

Navigating Insider Risks: Are your Employees Enabling External Threats?

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July 17, 2024 at 07:18AM The text outlines the threat posed by accidental insiders in cybersecurity. It discusses how employees, through lack of awareness or pressure to perform, can compromise security. The text highlights the potential consequences of such breaches and proposes proactive measures to mitigate the risk, emphasizing the importance of training, organizational controls, … Read more

New Research Warns About Weak Offboarding Management and Insider Risks

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May 29, 2024 at 08:24AM Wing Security’s study highlights the risk of former employees retaining access to company data, emphasizing the importance of automating SaaS Security for effective offboarding. With organizations facing insider threats and compliance violations, manual offboarding proves time-consuming and error-prone. Automation emerges as a crucial tool for mitigating risks and safeguarding critical … Read more

Broke Cyber Pros Flock to Cybercrime Side Hustles

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March 8, 2024 at 04:51PM A new trend in cybersecurity sees professionals turning to the Dark Web for extra income, posing challenges for enterprises and raising concerns about insider threats. With layoffs and economic uncertainty driving this shift, industry experts stress the need for improved employment, training, and support to address the skills gap and … Read more

Dtex Systems Snags $50M from Alphabet’s CapitalG

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March 5, 2024 at 11:06AM Dtex Systems, a California-based company, has secured $50 million in late-stage funding, with a total of $138 million raised. The funding aims to accelerate the application of large language models and behavioral science research to disrupt the insider risk management market. Dtex utilizes machine learning and network monitoring to detect … Read more

South African Railways Lost Over $1M in Phishing Scam

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February 2, 2024 at 11:20AM South Africa’s PRASA railway agency reported a loss of 30.6 million rand due to a phishing scam but has recovered over half the stolen amount. The incident, under police investigation, involves possible insider threats. South African firms face a rising trend of email interception fraud and digital banking fraud. Organizations … Read more

InfoSec 101: Why Data Loss Prevention is Important to Enterprise Defense

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January 18, 2024 at 07:00AM DLP is an infosec strategy to prevent data breaches and protect sensitive data by monitoring and controlling access. It includes monitoring perimeter resources, email, removable devices, and others. DLP uses policies, content inspection, contextual analysis, and user behavior analysis to prevent cyberattacks. Solutions include cloud-based, network-based, and endpoint-based DLP. After … Read more

Cybersecurity Incidents Consistently Increase in UAE

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January 12, 2024 at 03:31PM A recent study by Kaspersky reveals that 87% of UAE-based businesses have encountered cybersecurity incidents over the past two years, with 25% attributed to staff malice. Malicious insider threats are deemed particularly dangerous by experts, presenting a growing concern for businesses. Furthermore, many companies in the region lack adequate defense … Read more

Privilege elevation exploits used in over 50% of insider attacks

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December 8, 2023 at 12:20PM Insider threats using privilege escalation flaws are on the rise, with 55% of incidents relying on privilege escalation exploits and 45% introducing risks through downloading risky tools. Crowdstrike reports that insider attacks cost an average of $648,000 for malicious and $485,000 for non-malicious incidents. Additionally, introducing flaws into networks increases … Read more