ObserveIT, the leading insider threat management platform with more than 1,900 customers around the world, announced the availability of an Insider Threat Analytics solution powered by crowdsourced industry insight.
This release advances ObserveIT’s ability to analyze threat indicators using community-driven intelligence to help its growing customer base get ahead of potential threats and protect their most valuable assets.
Most organizations are focused on managing cybersecurity risk from the outside – building layered defenses against viruses, malware and ransomware. But, according to Forrester’s May 2019 report, Best Practices: Mitigating Insider Threats, 53% of data breaches are coming from insiders, whether it be an employee, third party vendor or contractor.
ObserveIT’s Insider Threat Analytics capabilities address this by providing an additional layer of defense to protect against insider threats using the most comprehensive industry intelligence, allowing security teams to know the whole story and take action in minutes rather than days or weeks.
“One of the biggest challenges facing security teams today is having the ability to understand what security incident happened quickly enough to take swift action and prevent information loss,” said Mike McKee, CEO of ObserveIT. “These new, community-driven insights allow our customers to benefit from the collective knowledge of our network, providing yet another layer of defense against insider-led data exfiltration.”
ObserveIT is partnering with organizations in financial services, manufacturing, technology services, business consulting, telecommunications and retail to collect broad and rich telemetry on Insider Threat indicators. The data set is then analyzed in real time using advanced analytics technology to identify a common set of Insider Threat patterns and threat categories that organizations are concerned about such as uploading files on the web, using unlisted USB drives, and more. These insights are served to customers on an ongoing basis.
Trusted insiders, acting maliciously or negligently, can cause substantial damage to any organization. ObserveIT’s crowdsourced intelligence will help ensure security teams are adapting and monitoring policies to protect against ever-changing insider threat tactics.