Calculating the ROI of Insider Threat Security

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Alright, lets talk about figuring out the ROI of insider threat security. Measuring the Success of Your Insider Threat Program . Its not exactly a walk in the park, is it?

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    I mean, try putting a hard number on something that doesnt happen, or preventing something before it even occurs!


    Figuring out if your investment is actually, yknow, worth it involves a little more than just looking at a spreadsheet.

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    You cant just say "we spent X amount and therefore got Y result." Nope. Its way more nuanced.


    First off, you gotta define what constitutes an insider threat. Is it just malicious activity?

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      Or does it include accidental data leakage?

      Calculating the ROI of Insider Threat Security - managed it security services provider

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      Negligence? You cant build an effective security program, let alone calculate its ROI, if you havent got a clear picture of what youre defending against.


      Then, youve got to think about the costs. Obvious expenses include the software, the hardware, and the salaries of the people running the program. But dont forget the hidden costs, like the time employees spend in training, or the potential impact on productivity if security measures are too intrusive.

      Calculating the ROI of Insider Threat Security - managed service new york

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      It aint just the big ticket items that matter, see?


      Now for the really fun part: quantifying the benefits. This is where things get tricky. How do you calculate the value of something that didnt get stolen, didnt get leaked, or didnt cause damage? One way is to look at industry benchmarks. What are similar companies losing to insider threats? Whats the average cost of a data breach? You can use those figures to estimate the potential losses youre preventing.


      Another approach is to track the number of incidents detected and prevented. Maybe your system flagged a user attempting to access sensitive files they shouldnt have. Thats a win! Assign a value to that based on the potential damage that access could have caused. You can also measure improvements in employee awareness, you know, through phishing simulations.

      Calculating the ROI of Insider Threat Security - managed services new york city

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      Fewer people clicking on dodgy links? Thats a good sign.


      Its also important to consider the regulatory benefits. Avoiding fines for non-compliance with data privacy laws can save a company a ton of money. So, dont overlook that!


      In short, calculating the ROI of insider threat security is not a simple calculation. Its a combination of hard data, educated guesses, and a whole lot of assumptions. But hey, even a rough estimate is better than nothing.

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      You need to show that your security investments are actually making a difference. So, get to it! Good luck, youll need it.

      Calculating the ROI of Insider Threat Security