83% of Organisations Experienced Insider Attacks in 2024 – Technologist

The Cybersecurity Insiders’ 2024 Report revealed a concerning statistic: 83% of organisations faced insider attacks last year. As businesses plan their budgets for 2025, this sharp increase in insider threats highlights the need for prioritising cybersecurity and IT support investments.

The Cost of Insider Threats

Insider attacks are costly, with recovery expenses between $100,000 and $2 million. Beyond financial losses, such incidents can severely damage reputations and erode customer trust. Key factors contributing to this rise include:

• Complex IT environments.
• Outdated security measures.
• Need for employee training.
• Weak enforcement of security policies.

Why Businesses Need a Proactive Approach

Insider threats are evolving alongside hybrid work models and increased cloud adoption. The report found that many organisations still need to improve their security practices, leaving them vulnerable to attacks. Integrating diverse data sources, such as HR records, legal data, and publicly available social media information, into security solutions can provide early warning signs and significantly reduce risks.

Recommended Measures for 2025

To combat insider threats and safeguard digital ecosystems, organisations should prioritise the following:

• Adopt a Zero-Trust Framework: Ensure every access request is verified, regardless of origin.
• Implement Advanced Monitoring Tools: Leverage User and Entity Behaviour Analytics (UEBA) for real-time threat detection.
• Automate Threat Detection and Response: Reduce response times and minimise manual errors.
• Enhance Employee Training: Regular training can address the human factor in insider threats.
• Strengthen Access Controls: Limit access to sensitive data based on roles and necessity.
• Conduct Regular Security Audits: Ensure defences are up-to-date and effective.
• Develop a Comprehensive Incident Response Plan: Be prepared to respond quickly and minimise impact.

Budgeting for 2025

Allocating resources for cybersecurity and IT support isn’t optional, it is essential. By investing in modern security strategies and tools, businesses can reduce their exposure to insider threats and ensure they’re prepared for the challenges of the evolving threat landscape.

At Neuways, we help organisations implement robust defences tailored to their unique needs. Contact us to secure your business and make 2025 a safer, more productive year.