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ITMG Insider Threat News – April 11, 2022

The Root Cause of Insider Threats Rests with the Company Itself

An insider threat refers to any form of malicious threat presented to an organization that arises from people within the organization. This includes current employees, former employees, contractors or business associates. In each case these individuals have some form of inside information concerning the organization’s security practices, data and computer systems.

Neilson  explains the essential nature of the risk: “Insider threats are a critical cybersecurity risk. In this case, a former employee at Block secured access to confidential reports following their departure from the company.”

Most Companies are Clueless when it Comes to Stopping Insider Threats

Most companies are failing to guard against internal threats in the same way they shield against external attackers, a new report from cybersecurity firm Imperva suggests.

Imperva surveyed 464 security and IT professionals with responsibility for managing insider threats for their organization and found that 59% prioritize external threats over internal ones. However, the majority of incidents (59%) in EMEA over the last twelve months were caused by insiders.

Half of Security Leaders Consider Quitting Due to Stress

The security vendor polled 200 security bosses in the UK to better understand a fast-emerging health crisis in the industry.

It found that two-fifths had been forced to seek help due to work-related stress such as migraines, panic attacks and high blood pressure. At the same time, over half (51%) experienced negative emotions such as depression, anger or anxiety.

Spy Agency Detects 99 Cases of Attempted Industrial Spying for Five Years

The National Intelligence Service has detected a total of 99 cases of attempted industrial espionage over the past five years, which would have cost domestic companies about 22 trillion won ($18 billion), the agency said Saturday.

Technologies and trade secrets targeted in the cases from January 2017 to February 2022 involved display devices (19 cases), semiconductors (17), electric and electronic products (17), automobiles (9), shipbuilding (8), information and communications (8) and machinery (8), the intelligence agency said.

International Issues in Trade Secret Law Series: Longer Statute of Limitations Confirmed in Cases of Trade Secret Misappropriation by Former Employees

The regular readers of this blog certainly remember the usual suspects of trade secret misappropriation are employees, former employees, and self-employed consultants. In our series of blog posts about international trade secret misappropriation and trade secret enforcement under the Belgian Trade Secrets Act, we also explained that actions based on trade secrets misappropriation are in principle heard by the Enterprise Court. However, if the defendant is an employee or an ex-employee suspected of trade secret misappropriation during the course of employment, then the labor court has jurisdiction.

Trade Secret Protection Strategy for Chemicals to Get EPA Revamp

The EPA will soon propose a rule to clarify what chemical manufacturers must do when they seek to keep details such as the company’s name, location, or identity of a chemical confidential.

The proposal will discuss what companies must do to justify claims of “substantial” competitive harm that could be done to them if confidential business information, or CBI, become public, said Nick Lillo, an EPA environmental protection specialist.

This entry was posted on Monday, April 11th, 2022 at 3:51 pm. Both comments and pings are currently closed.