18% of employees admitted to sharing their password.

In 2008, the average cost per incident of a data breach was $6.7 million, and lost business averaged $4.6 million.

64% of losses were due to the actions of insiders at the company.

A shocking 11% of employees reported that they or their fellow employees accessed unauthorized information and sold it for profit.

Business travelers lose more than 12,000 laptops per week in US airports.

31% of customers terminate their relationship with organizations following a breach.

Businesses lost over $1 trillion to cybercrime in 2008.

77% of companies think their networks are not secure.

The per capita cost of a data breach already exceeds $1000.

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39% most concerned about threat from employees, not hackers.

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39% of IT Most Concerned About Employees

During a recent study commissioned by Cisco and performed by Insight Express, it was found that 39% of IT managers are more concerned about the threat of data security breaches from employees than they are from outside hackers.

Some of this concern comes from unintentional security breaches and some from well-meanning compromises, and many even from malicious intent or self interest.

Hapless Executive

Hapless Executive

Some of the threat comes from unintentional disclosures, like what happened to our hapless executive to the right. It’s a brave-new-world escalation of tricky methods to get your access information. We have all experienced phishing attempts, viruses that scrape data from our hard drive and even snooping for plain text passwords during logins. How long before you experience even newer methods of trickery?

It seems cybercrime has found a weak link in our security, our employees.

Worse, the study also found that employees often cooperate with cybercrime by disclosing information to trusted co-workers. This study found that 18% of employees share passwords with their co-workers. Perhaps to help a co-worker do something quickly, or ask a co-worker to perform a task while the employee is indisposed. Whatever the reason, such a sharing has violated typical authorization and access controls, and can pose a serious threat.

With this kind of sharing, and permitting co-workers unauthorized access, is it surprising that the study also found that 39% of IT professional said they have dealt with an employee accessing unauthorized parts of the company’s network or facility?

A full 10% of employees reported losing devices that could grant access in the prior year. How can you know if these losses resulted in breaches? How could you know if these losses were not “cooperative” or sold. Did you know that 23% of the IT professionals polled in the study blamed malicious insiders for their data breaches?

Before you, too become a victim, shouldn’t you protect against this kind of cybercrime;  COMPLETELY?      Read more about  SOVAY identification on this website and contact us by email at  sales@veritrix.com

More Ask Sovay

  • Is Multifactor Authentication the ultimate in enterprise security?
  • Our users will not tolerate any inconvenience. How do we improve authentication security and keep our workers happy?
  • Are fingerprint readers the current state-of-the-art in biometric identification?
  • Will tokens help achieve strong authentication?
  • Do large, world-class organizations need stronger authentication?
  • Do Biometrics have high False Rejection Rates (FRR)?
  • Are our "trustworthy" employees actually a significant risk?
  • How do we implement a system that many types of users can use, without changing the way they work?
  • Does stronger authentication cost more?
  • Are passwords the typical best practice?

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Veritrix is a User Authentication software company. Our unique line of Sovay products offer the latest versions of Identification Protection Software with the following methods: Real Time Authentication Solutions, Multifactor Authentication Solutions and Biometric Authentication Technology.


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