Intelligent CIO North America Issue 22 - Page 24

However , ownership of the problem remains vaguely defined . Only 21 % of companies ’ cybersecurity budgets have a dedicated component to mitigate Insider Risk , and the vast majority ( 91 %) of senior cybersecurity leaders still believe that their companies ’ board requires better understanding of Insider Risk .
( IRM ) – that aligns with today ’ s cloud-based , hybridremote work environment and can protect the data that fuels their innovation , market differentiation and growth .”
The Great Resignation is increasing concern around data exposure , leaks and exfiltration
“ With employee turnover and the shift to remote and collaborative work , security teams are struggling to protect IP , source code and customer information . This research highlights that the challenge is even more acute when a third of employees who quit take IP with them when they leave . On top of that , threequarters of security teams admit that they don ’ t know what data is leaving when employees depart their organizations ,” said Joe Payne , Code42 President and CEO .
“ Companies must fundamentally shift to a modern data protection approach – Insider Risk Management
Companies are still adapting to new ways of working , and it ’ s clear many organizations will be managing a hybrid workforce for the foreseeable future .
In November 2021 alone , a record 4.5 million employees left their jobs , serving as a massive catalyst for data exposure and exfiltration .
This level of turnover is causing cybersecurity concerns for 98 % of business leaders , cybersecurity leaders and cybersecurity practitioners , who also report a lack of visibility over what and how much sensitive data is leaving their organization .
The study found :
• Nearly three-fourths ( 71 %) don ’ t know what and / or how much sensitive data departing employees take to other companies .
• That same proportion ( 71 %) are concerned about sensitive data being stored outside of corporate storage where security teams lack visibility .
• Despite an increase in cybersecurity concerns stemming from the surge in remote work , only 43 % of respondents report that improving technology for a remote / hybrid workforce is a top two priority for their company .
24 INTELLIGENTCIO NORTH AMERICA www . intelligentcio . com