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Reducing the $11.45M Cost of Insider Threats - It’s Payback Time

The cost of insider threats has increased 31% over the last two years, to a whopping average annual rate of $11.45 million. Could organizations reduce these costs, while achieving positive ROI? According to new research from Enterprise Strategy Group (ESG), the answer is a resounding “Yes!”

In the case of insider threats, security doesn’t need to be a cost center. In fact, insider threat management (ITM) technology can pay for itself in only 5 months.

Join our industry experts as they show you how to break down the cost of insider threats, reduce operational expenditure by 56% (or $400,000 per month*), and better protect your organization from insider risk.

You will learn how to:

- Reduce insider threat costs by up to 56%
- Increase productivity and improved regulatory compliance
- Improve security effectiveness and reduce insider risk
Recorded Nov 12 2020 30 mins
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Presented by
Josh Epstein, VP of Marketing for ITM & Sai Chavali, Sr. Product Marketing Manager for ITM at Proofpoint
Presentation preview: Reducing the $11.45M Cost of Insider Threats - It’s Payback Time

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  • Protecting Your Data Against the Insider Threat Risk Dec 17 2020 2:00 pm UTC 30 mins
    Rob Bolton and Lee Duff Insider Threat Management specialists, Proofpoint
    As the workforce rapidly shifts to remote work, the complexity of protecting IP and sensitive data has grown exponentially. Old models of locking down the perimeter no longer apply. Instead, a modern, people-centric approach to Insider Threat Management can complement existing information protection programs, while providing greater visibility and context into both user behaviour and data movement.

    Join us in a 30-mins Live Talk with Proofpoint’s Rob Bolton and Lee Duff Insider Threat Management specialists as they discuss:

    - The types of insider threat profiles and how to address them. For example, organizations may not know how that more than 60% of insiders are negligent.
    - Why insider threats are unique and require context into both user and data activity. 
    - How to reduce response time by accelerating investigations. The longer the response times, the costlier an incident can get.
    - And more!
  • Cost of Compliance - The $270B problem. Dec 16 2020 2:00 pm UTC 64 mins
    Michael McGrath, Senior Director, Compliance and Digital Risk, Proofpoint
    Join four leading experts as they discuss why the financial industry spends $270 billion per year on maintaining compliance. The European Union’s overhaul of data privacy regulation (GDPR) is estimated to have generated 114 million euros ($126 million) in fines over the past two years – a staggering 160,000 data breach notifications.

    These almost incomprehensible numbers, hide the challenges faced by every organisation in keeping up with changing regulations while maintaining reporting and customer service.

    Join us on as we discuss:
    - The factors driving compliance cost
    - How regulatory technology (Reg Tech) and modern-day data behaviour are evolving through 2020

    Controlling costs is critical: Every penny saved in compliance costs is another added to the bottom line. We anticipate this panel discussion will be a rewarding and profitable event to attend.

    The talk is led by Michael McGrath, Senior Director for Compliance and Digital Risk at Proofpoint. He is joined by:
    Susannah Hammond, Senior Regulatory Intelligence Expert at Thomson Reuters.
    Dennis Sullivan, Vice President, Senior Compliance Officer at PIMCO.
    Paul Clulow-Phillips, Managing Director - Global Head of Markets Compliance and Global Head of Surveillance at Société Générale.
  • Insider Risk in Financial Services: The $14.5 Million Problem Dec 9 2020 2:00 pm UTC 44 mins
    Rob Bolton and Lee Duff Insider Threat Management specialists, Proofpoint
    Financial services companies face some of the worst outcomes from Insider Threats. A recent benchmark study found that the Financial services sector experienced the highest average yearly cost. Containing insider threats costs the industry $14.5 million annually. That is a 20.3% increase from 2018.
     
    Insider incidents at financial services companies can lead to: fraud, financial losses, data leaks, regulatory fines and more. The root cause may be a sloppy user or third-party contractor, an angry employee or a stolen login. No matter the cause, companies need visibility into insider threats. People-centric security helps financial companies better manage risk.
     
    Join our Insider threat experts and your industry peers in this Live Talk where we’ll explore the unique risks of insider threats and how to combat them. In this session, we’ll specifically dive in to:

    - The three main insider threat profiles and how to address each.
    - Why insider threats are unique and require more context than other threats.
    - How to reduce response time and costs by speeding up investigations.
     
    Register today to learn more about how insider-led breaches affect financial services and how to mitigate the risk.
  • Zero-Trust from Aspirational to Overdue Dec 8 2020 6:00 pm UTC 60 mins
    John Checco
    Globally, firms face a dynamic cybersecurity threat landscape. To combat new threats to remote workers, many firms have reacted with point products to secure their new perimeter. However, this has resulted in increased costs, marginalized impact, and lower ROI.
    In order to achieve true resiliency, firms need to rethink their approach and adopt a holistic Zero Trust model that is long-term and cost-effective.
    Join our panel of experts on Dec. 8th at 10 am PT as they explore the new Zero Trust security paradigm. In this session, they’ll cover:

    •What Zero Trust is and what it isn't
    •Why firms are rapidly adopting this model
    •Where change will be most effective, most disruptive, and most challenging
  • Driving Real Behaviour Change: Build a Security Awareness Program that Works Dec 1 2020 10:00 am UTC 36 mins
    Paul Down, Director & Matt Cooke, Cybersecurity Specialist, Proofpoint EMEA
    When it comes to modern Cybersecurity – ultimately your users are your last line of defence. So you need to arm them with both knowledge and practice to mould dynamic, alert guardians of both your organisation and your data. The key to your success is engaging, entertaining - and crucially - topical security awareness training.

    So where to start, or how to renew your program? Are you one of the 80% of organisations who allocate two hours or less per year for security awareness, how useful do you judge this small amount of user training to effect behaviour change?

    Join our Security Awareness Training experts as we review valuable strategies on how to create and sustain an impactful cybersecurity awareness education program. Plus we delve deep into thought-leadership on the following questions:

    - How do I ensure my users embrace the training? Who are the key influencers internally?
    - What is the minimum – and maximum – levels of training shown to have been successful?
    - How do I motivate and reward my last line defenders?
    - What reporting and measures are the most pertinent to the IT team and alternatively to the C-suite?
  • Navigating Through a Pandemic as a CISO, and Beyond Recorded: Nov 26 2020 28 mins
    Fabrice Bru, RSSI, Administrateur du CESIN, Loïc Guézo, Senior Director, Cybersecurity Strategy, Proofpoint
    Cybercriminals continue to leverage uncertainty and fear to launch malicious campaigns with one aim in mind – to get your people to click. These attacks are targeted at people and require social engineering to succeed. What’s more, the disruption we are all facing today has forced us all to quickly adapt, move to a WFH environment and potentially exposing our users to increased attacks – from phishing to business email compromise attacks.

    While the cybercriminals remain busy in their pursuit of exploiting our employees, the CISOs role has been pushed to new limits. So how must CISOs and their security teams evolve to better protect your organisation this year?

    Join Fabrice BRU, CISO, Administrator of ‘Club des Experts de la Sécurité de l’Information et du Numérique’ (CESIN) and Loïc Guézo, Senior Director, Cybersecurity at Proofpoint as they share real life experiences on how this community of CISOs have joined together to update their security programmes to ensure we thrive in this digital-first world, despite the pandemic.
  • Gérer l’impact d’une pandémie sur l’entreprise en qualité de RSSI - Français Recorded: Nov 26 2020 35 mins
    Fabrice Bru, RSSI, Administrateur du CESIN, Loïc Guézo, Senior Director, Cybersecurity Strategy, Proofpoint
    Les cybercriminels continuent d'exploiter nos craintes et nos incertitudes au moyen de campagnes malveillantes dont l'unique objectif est de nous inciter à cliquer sur des liens dangereux pour notre sécurité.

    Ces attaques visent directement les personnes et recourent à des techniques d'ingénierie sociale. De plus, la situation exceptionnelle que nous vivons aujourd'hui nous oblige à nous adapter rapidement et à adopter massivement le télétravail, une transition qui expose nos utilisateurs à davantage d'attaques, du phishing au piratage de la messagerie en entreprise (BEC, Business Email Compromise).

    Et tandis que les cybercriminels continuent de prendre pour cible nos collaborateurs, le rôle des RSSI évolue de façon inédite. Comment les RSSI et les équipes de sécurité peuvent-ils s'adapter pour mieux protéger l'entreprise en cette année difficile ?

    Fabrice Bru, RSSI, Administrateur du Club des Experts de la Sécurité de l'Information et du Numérique (CESIN), et Loïc Guézo, Senior Director, Cybersecurity Strategy de Proofpoint, font le point avec vous lors d'une intervention Live Talk de 30 minutes.

    Au programme :

    L'impact de la pandémie et l'évolution des campagnes de phishing exploitant le thème du COVID-19
    Partage de l'expérience d'un groupe de RSSI qui ont collaboré pour adapter leurs programmes de sécurité afin de garantir une utilisation sûre et productive de l'environnement numérique, malgré la pandémie
  • Beware of Holiday Phishing Scams - APAC, APJ Recorded: Nov 26 2020 29 mins
    Andrew Warren-Nicholls, Cyber Security Specialist, APJ
    The holidays can be a threat to businesses and consumers alike. Fake offers and notices flood corporate and personal emails, mobile devices and social sites. Cybercriminals know people are distracted and cloak their intent as legitimate holiday commerce. The time is now to remind your users that extra caution and diligence is needed!

    Join Andrew Warren-Nicholls as he sets out the best practices for better protecting your end users as the holidays approach. In this session, he'll cover:

    - What methods and techniques do scammers use during the holiday season
    - Examples of scams and phishing emails cybercriminals will be deploying this holiday season
    - Steps and resources you can leverage during the holiday season to keep your end users safe

    Specific focus on Asia-Pacific Region
  • Archiving Innovations: Meeting today’s Compliance and e-discovery needs Recorded: Nov 24 2020 37 mins
    Michael McGrath, Senior Director, Compliance and Digital Risk, Proofpoint Jen Gough, Competitive Specialist, Proofpoint
    Economics, social and regulatory pressures have fundamentally changed the demands on archiving solutions. This creates new challenges and opportunities for the enterprise – from need of supervision to help ensure regulatory compliance and provide proof of compliance, to broader application of the technology. For instance, the monitoring of business digital communications for opportunities for training or targeted actions can help improve employee performance, reduce policy violations, and much more.
    Welcome to the next wave in Archiving Compliance technologies.
    In this Live Webinar, we’ll discuss how archiving has evolved to address today’s information management challenges and unveil how you can improve information governance, compliance and financial position by:
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    Enhanced regulatory compliance supervision to improve review accuracy across email, social, and enterprise collaboration data.
    As an added bonus, we’ll wrap up the webinar with a live demo of Proofpoint Enterprise Archive, including key features in E-Discovery Analytics and Intelligent Supervision.
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  • Reducing the $11.45 M Cost of Insider Threats: It’s Payback Time Recorded: Nov 19 2020 49 mins
    Rob Bolton and Lee Duff Insider Threat Management specialists, Proofpoint
    Most organizations understand the challenge of external cyber attacks. But many of today’s biggest threats come from within. Whether it’s careless users, disgruntled employees or compromised accounts, the cost of insider threats has increased 31% over the last two years, to an average annual rate of $11.45M and it's on the rise.

    Could organisations reduce these costs, while achieving positive ROI? According to new research from Enterprise Strategy Group (ESG), with a purpose-insider solution that protects your organisation from insider risk, the answer is a resounding “Yes!”

    In the case of insider threats, security doesn’t need to be a cost centre. In fact, insider threat management (ITM) technology can pay for itself in only 5 months.

    Join our industry experts in this webinar and we will show you how you can break down the cost of insider threats, reduce operational expenditure by 56% – and better protect your organisation from insider risk.

    You will learn how to:

    Increase productivity and improved regulatory compliance
    Improve security effectiveness and reduce insider risk
    Reduce insider threat costs by up to 56%
  • Email Security: Protect Your No. 1 Threat Vector Recorded: Nov 19 2020 50 mins
    Adrian Covich, Senior Director, Systems Engineering Proofpoint
    According to Gartner, “Business Email Compromise attacks increased by nearly 100% in 2019 and resulted in substantial financial losses in some cases.” Is your business prepared to defend against them?

    Join Adrian Covich of Proofpoint to discover how to keep pace within this rapidly moving threat landscape and best practice ways to protect your people and data from email attacks, the number one threat vector.

    In this session, you will learn:
    - The latest threat data and trends for email cyber attacks
    - How best to defend your people and data with Proofpoint Targeted Attack Protection
    - How to streamline your incident response process for emails

    Join us as we go deep and show you how to better protect against email, the number one threat vector for your business
  • PANEL: Let’s Talk Insider Threats in Healthcare Recorded: Nov 18 2020 50 mins
    Healthcare & Cybersecurity Industry Experts
    An insider leaking patient records at a doctor’s office or hospital may seem like a scene from a TV medical drama. But insider threats are all too real. In fact, according to the 2020 Verizon Data Breach Investigations report (VBIR), nearly half of all breaches in healthcare involve internal threat actors such as theft or misuse of PHI and EHR.

    Join our experts on Nov. 17th at 9 am PT as they step into and examine the insider threat landscape in healthcare. In this webinar, they'll discuss:

    - Top insider threat risks healthcare organizations face
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    - Why a people-centric approach to cybersecurity will better protect your company's data and access

    *This session is eligible for one CPE credit with ISC(2). To claim your credit, please submit our online form here: https://go.proofpoint.com/webinars-submit-cpe-credit
  • Protect Your Remote Workers and Cloud Apps with CASB Recorded: Nov 18 2020 32 mins
    Itir Clarke, Sr. Product Marketing Manager at Proofpoint
    Providing secure remote access to applications and data in the cloud is more critical than ever. With most of your employees working remotely, attackers are aiming to exploit them and their accounts. It is important to provide extra layers of protection for your cloud app users and have visibility into risky behavior and warnings of data loss for your security teams.

    Join us for a 30-minute webinar on Nov. 18th at 10 am PT / 1 pm ET on how you can better protect your remote workforce and cloud applications with CASB. You'll learn how to:

    - Prevent unauthorized access to SaaS apps with adaptive controls
    - Detect and remediate account compromise and post account takeover activities
    - Discover sensitive data in the cloud and remediate excessive sharing of files
  • Archiving Innovations: Meeting today’s Compliance and e-discovery needs Recorded: Nov 18 2020 57 mins
    Frank Beck & Shannon Smith, Proofpoint APJ
    Economics, social and regulatory pressures have fundamentally changed the demands on archiving solutions. This creates new challenges and opportunities for the enterprise – from need of supervision to help ensure regulatory compliance and provide proof of compliance, to broader application of the technology. For instance, the monitoring of business digital communications for opportunities for training or targeted actions can help improve employee performance, reduce policy violations, and much more.

    Welcome to the next wave in Archiving Compliance technologies.

    In this Live Webinar, we’ll discuss how archiving has evolved to address today’s information management challenges and unveil how you can improve information governance, compliance and financial position by:

    • Streamlined e-discovery to increase efficiency and reduce costs.
    • Refined insights expand visibility for mitigating risks.
    • Enhanced regulatory compliance supervision to improve review accuracy across email, social, and enterprise collaboration data.

    As an added bonus, we’ll wrap up the webinar with a live demo of Proofpoint Enterprise Archive, including key features in E-Discovery Analytics and Intelligent Supervision.
  • Cyber Security Awareness Month 2020: What we learnt Recorded: Nov 18 2020 37 mins
    Matt Cooke, CyberSecurity Specialist, Proofpoint
    October was Cybersecurity Awareness Month and we thought it would be a good idea to bring together some experts together and to talk about and share what we have learned. So Proofpoint are hosting a jammed-packed 30-minute round-up where leading experts will talk through what we heard from end users as we helped our customers with their awareness programs and special events during the month.

    Hear Resident CISO Andrew Rose, Security Awareness Content Creator Genius Eddie Whittingham and Security Strategist Matt Cooke as they discuss the top questions heard, and the best strategies and content used to raise security awareness across some of Europe's largest and leading businesses.

    Includes a live Q&A on zoom, with the most pertinent security awareness and content questions of H2 2020.
  • A Monumental Shift - The New People-Centric Frontier - Featuring Forrester Recorded: Nov 17 2020 59 mins
    Jinan Budge of Forrester, Rebecca Harness of St. Louis University, Andrew Rose of Proofpoint
    Work from home has forced dramatic culture changes at organizations across the world. More than ever before, understanding your people-centric risk and empowering your users to build a culture of security awareness is critical to protecting your organization. Join us for this special panel webinar with guest speaker Jinan Budge, Principal Analyst serving Security & Risk Professionals for Forrester in addition to other colleagues to discuss how you can position your organization’s security for success with a people-centric approach.

    We’ll cover how you can take advantage of this monumental security shift by:

    - Focusing your security initiatives around the people-centric view
    - Getting creative in running your security awareness program
    - Driving behavior and culture change with impactful security awareness efforts
    - Communicating success to your executives and board

    Join us for this engaging panel discussion and help build a strong line of defense in your users.

    *This session is eligible for one CPE credit with ISC(2). To claim your credit, please submit our online form here: https://go.proofpoint.com/webinars-submit-cpe-credit
  • Capturing and Managing Communications Data in the Modern Enterprise Recorded: Nov 17 2020 44 mins
    Amanda Anderson, Product Marketing Manager & Dave Ely, Dir. of Product Management
    Employees depend on digital communication tools to collaborate more than ever before. Chat and collaboration apps, text messaging, and social media have made it possible for employees to communicate, but they can also put the firm at risk. As they adopt new communication tools, firms must ensure that they continue to comply with regulations and corporate policies.

    In this webinar, we will take a deep dive into the challenges that firms face with capturing and managing content and strategies for staying compliant.

    You’ll learn:

    - How the business communications landscape is evolving
    - Key considerations for capturing and managing your content
    - How Proofpoint Content Capture can help
  • Reducing the $11.45M Cost of Insider Threats - It’s Payback Time Recorded: Nov 12 2020 30 mins
    Josh Epstein, VP of Marketing for ITM & Sai Chavali, Sr. Product Marketing Manager for ITM at Proofpoint
    The cost of insider threats has increased 31% over the last two years, to a whopping average annual rate of $11.45 million. Could organizations reduce these costs, while achieving positive ROI? According to new research from Enterprise Strategy Group (ESG), the answer is a resounding “Yes!”

    In the case of insider threats, security doesn’t need to be a cost center. In fact, insider threat management (ITM) technology can pay for itself in only 5 months.

    Join our industry experts as they show you how to break down the cost of insider threats, reduce operational expenditure by 56% (or $400,000 per month*), and better protect your organization from insider risk.

    You will learn how to:

    - Reduce insider threat costs by up to 56%
    - Increase productivity and improved regulatory compliance
    - Improve security effectiveness and reduce insider risk
  • The Path to Improved Financial Services Information Protection Recorded: Nov 11 2020 26 mins
    John Checco, Resident CISO, Sean Odowd, FinServ Solutions Dir, Dan Blackford, Threat Research Analyst at Proofpoint
    Many financial services firms are battling data leakage because current DLP approaches do not fill the gaps that rapid omnichannel evolution and digitization have created. So how can regulated firms better protect their data?

    Join us for our 30-minute webinar as we examine how DLP can help financial services firms better manage their data loss. In this session, we'll discuss:

    • Legacy tooling concerns and gaps
    • Shifting your strategies for a more holistic DLP approach
    • How to create a new framework for better information protection
Proofpoint
Proofpoint is a leading cybersecurity company that protects organizations' greatest assets and biggest risks: their people. With an integrated suite of cloud-based solutions, we help companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. Leading organizations of all sizes, including more than half of the Fortune 1000, rely on us for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web.

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  • Title: Reducing the $11.45M Cost of Insider Threats - It’s Payback Time
  • Live at: Nov 12 2020 7:15 pm
  • Presented by: Josh Epstein, VP of Marketing for ITM & Sai Chavali, Sr. Product Marketing Manager for ITM at Proofpoint
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