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Companies Wrestle With Growing Cybersecurity Threat: Their Own Employees

By Financial Times

May 15, 2020

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As companies navigate an increase in cyberattacks amid the coronavirus pandemic, they must contend with the security threat posed by their own employees.

With the rise in remote working, more companies are turning to surveillance tools to prevent staff from leaking or stealing sensitive data, and demand is on the rise for cybersecurity firms that use machine learning and analytics to analyze employees' activity and identify problematic behaviors.

India’s Mordor Intelligence said the data loss prevention market is expected to surge from $1.2 billion to $3.8 billion by 2025 as companies migrate data to the cloud.

Critics are uncomfortable with the privacy and trust implications of using such tools on staff.

Said former U.S. army intelligence sergeant and former Palantir executive Greg Barbaccia, “It’s intrusive, it’s not very culturally palatable.”

Added Barbaccia, “To me, the insider threat is a cultural human problem. If someone wants to be malicious...you need to solve the human problem.”

From Financial Times
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