$8.76 million: The average yearly cost of insider threats

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Help Net Security
According to The Ponemon Instituteâs report, â2018 Cost of Insider Threats: Global Organizations,â the average cost of an insider threat annually is $8.76 million. Since 2016, the average number of incidents involving employee or contractor negligence has increased by 26%, and by 53% for criminal and malicious insiders. The average number of credential theft incidents has more than doubled over the past two years. The majority of respondents (64%) cited that the negligent insider is the root of most incidents. Credential risk is the costliest type of insider incident at an average of $648,745 per event. Asia-Pacific and European and Middle Eastern (EMEA) companies had lower annualized costs to contain insider-related incidents at $5.88 and $7.04 million, respectively, compared to North American companies.
Link: https://www.helpnetsecurity.com/2018/04/25/average-yearly-cost-insider-threats/


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