The global demand for enhanced insider risk management capabilities will continue to skyrocket across industries throughout 2024. As security leaders grapple with the rise of generative AI, calls for greater collaboration between public and private sectors, and ever-evolving employee motivators, insider risk management will be more important than ever to mitigate risks before data loss occurs.
Here are some of the top predictions for the upcoming year.
Growing tension between insider risk and employee privacy
The average cost of an insider incident in 2023 was $16.2 million, and it took 86 days to contain it. Those rising costs, along with the potential damage to brand value from insider risk incidents, will push companies to prioritize spending on insider risk programs in 2024. But as they do, it’s important they strike the right balance between proactive privacy measures and risk quantification. As companies strengthen their insider risk programs, they will need to be transparent and respectful of employee privacy. Otherwise, they will create an aura of mistrust where employees, who should be the first line of defense against insider risk, will not become active…
