Interestingly, a third of those employers believe that they do not need such systems at all. In addition, around two thirds of companies surveyed (60 percent) do not regularly change passwords to stop ex-employees being able to access sites or documents.
However, in a corresponding survey of 2,000 employees, 23 percent admitted to having accessed or taken confidential data from their workplace, with one in ten stating that they do it regularly. The most accessed confidential data related to details of colleague salaries (38 percent) and details of colleague bonus schemes (23 percent).
94 percent of those who had accessed confidential information or stolen company data had never been caught.
“There is a clear gap between businesses’ internal security procedures and the harsh reality of employee behaviour,” said Ross Brewer, vice president and managing director for international markets at LogRhythm. “In an era where data breaches are considered inevitable, and with the government urging for greater consideration of cyber threats within businesses, the amount of employers who are doing nothing about unauthorised access across their networks – and the even higher number who don’t perceive any risk at all when it comes to employee data theft – is staggering.”
“Even more worrying than the lack of systems in place to stop employees stealing data is that many organisations still have no idea what’s happening on their networks at all. With recent government proposals to increase the sharing of cyber threat intelligence among businesses, the first stage must be to ensure that more employers have the right level of visibility to track suspicious or abnormal behavior on their own networks – but this is clearly not happening,” continued Brewer.
When asked, more than a quarter (27 percent) of employers could not identify the biggest threats to their confidential data, while 14 percent did not even know whether employees have stolen data – even though they believe employees would do so.
“It’s one thing to place too much trust in your employees and consequently neglect to enforce any systems monitoring unauthorized access and stealing of data. However, the fact that 14 percent of employers think their employees would steal data, and yet have no idea whether or not this has actually happened to them, is simply unacceptable. One of the main reasons why the ‘era of the data breach’ is now hitting hard and fast is that organizations just don’t have the level of visibility into their IT networks needed to secure their ever growing infrastructures. Employers therefore need to ensure they are proactively monitoring every single activity that occurs across their entire IT estate – both from the inside and the outside – rather than placing too much trust in reactive perimeter defenses or security strategies focused on securing particular areas of the IT estate, which don’t give organisations any insight into anomalous network activity,” continued Brewer.