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ITMG Insider Threat News – October 7, 2021

Insider Threat: A Simple Tool to Reduce the Liability

As the National Counterintelligence and Security Center’s National Insider Threat Awareness Month (NITAM) nears its conclusion, it is appropriate to highlight the importance of training in every Field Security Officer’s (FSO) counterintelligence and insider threat program regime. Employees are our greatest asset and occasionally our greatest liability. While training is not always done well, it is still a key tool to reduce the likelihood of that asset evolving to be that liability.

Major Data Breach Hits Neiman Marcus

The owner of two chains of American luxury department stores has warned 4.6 million Neiman Marcus customers that their personal data may have been exposed in a security incident that happened 17 months ago.

Neiman Marcus Group, which owns the Neiman Marcus and Bergdorf Goodman department stores, as well as the high-end home goods line Horchow, said the incident may have exposed information including names, contact details, and payment card information.

Cyber Second Only to Climate Change as Biggest Global Risk

The AXA Future Risks Report was produced in partnership with the IPSOS research institute and geopolitical analysis consultancy Eurasia Group. Its findings were compiled from interviews with over 3400 experts in underwriting and risk management, plus a survey of 19,000 members of the public.

Cyber came second only to climate change on the global stage but was rated a number one risk in the Americas and second in Asia, Africa and Europe.

Mental Healthcare Providers Report Data Breaches

Horizon House, Inc., which is in Philadelphia, Pennsylvania, warned that 27,823 people might have been impacted by a cyber-attack that took place in the late winter.

Meanwhile, the Samaritan Center of Puget Sound issued a data breach warning after a computer, server and other electronic equipment were stolen from its locked offices in Seattle, Washington.

Insider Threat is Evolving and Organizations Need to Evolve with it

Most insider threat programs focus exclusively on network and traffic data analysis, a far under-reaching set of data because insider threat is a human problem, not just a network problem.

This whole person approach to insider risk not only protects the organization, it provides an opportunity for employee wellness and safety – giving leadership opportunities to connect, empathize, and coach their employees towards growth.

Huawei CFO Released After Admitting She Misled Bank

Meng Wanzhou, the daughter of Huawei founder Ren Zhengfei, was indicted by the US in 2019 on charges associated with the firm’s alleged breaking of US sanctions on Iran.

According to the Department of Justice (DoJ), she lied to a banking partner about the scale and nature of the firms’ business in Iran to preserve the relationship with the financial institution.

This entry was posted on Thursday, October 7th, 2021 at 4:10 pm. Both comments and pings are currently closed.