Inside-out approach to security vital
FYI, this story is more than a year old
Cyber security firm Forecepoint has launched its Sureview Insider Threat solution in Sinagpore, in a bid to help security professionals see early warning signs of abnormal behavours in their system.
SureView enables businesses to spot risky behavior and activity across their enterprises, delivering better security and increased regulatory compliance while respecting privacy.
According to Forcepoint, negligence by ordinary employees is the number one cause of insider threats, and whether malicious, accidental or hijacked, threats inside the network are far more harmful than outside attackers.
On average, external cyber criminals can operate undetected for 170 days, but insiders escape detection for 259 days. Because insiders have more time to operate and better insight to where valuable data is stored, they cause far more damage per incident: the 10% of total incidents attributed to insiders are responsible for more than half of stolen data.
For nearly a decade, technology in SureView Insider Threat has served U.S.-based enterprises and government agencies in detecting and responding to insider threats. It was a core technology transferred from Raytheon to Forcepoint when the company launched.
"Insiders do more damage and go undetected longer than external threats. Until now, global enterprises haven't had an effective tool to protect against threats from within,” says Matt Moynahan, Forcepoint chief executive officer.
“Forcepoint is redefining what it means to secure an organisation, by thinking more in terms of 'inside-out' rather than 'outside-in.' SureView Insider Threat is the tool global enterprises have been waiting for,” he says.
On average, a data breach costs an enterprise US$3.8 million, yet despite the greater risk posed by insiders, the majority of security spending remains focused on external threats.
"When Forcepoint launched, one of the key goals was to find ways to deliver Raytheon technology to commercial enterprises," says Moynahan.
"By developing an internationally available version of SureView, we're bringing that vision to life."