“Betrayed…the Trusted Insider.” at InfraGard

October 6 | Posted by scheuchr | Chapter News

 

In 2009, the average company lost nearly 5 percent of its revenue to fraud perpetrated by employees, according to the 2010 Report to the Nations on Occupational Fraud and Abuse (PDF). Asset fraud -- stealing company resources -- represented 90 percent of the incidents, but only averaged $135,000 in losses per company. On the other hand, financial fraud makes up only 5 percent of all cases of corporate fraud, but it is the most damaging, with a median loss of more than $4 million, according to the report, which is published every two years by the Association of Certified Fraud Examiners (ACFE).

 The 2010 Verizon Data Breach Investigations Report from Verizon Business and the U.S. Secret Service reports that 48 percent of data breaches are caused by insiders, and that another 11 percent of breaches are caused by business partners. The report also found that 48 percent of all data breaches occur because of privilege misuse.

 Insider threats can come from well-meaning employees, as well as those who are disgruntled or malicious. Because employees often have access to sensitive business information, insider threats have become as complex and dangerous to enterprises as attacks that come from external malicious hackers. Insiders are not just employees: today they can include contractors, business partners, auditors... even an university alumnus with a valid email address. Not all insider attacks are malicious; the perpetrators may be unknowing pawns of a malevolent colleague or a poorly-tested system, or simply the careless initiator of unintended consequences.

 What is this threat? What can you do to protect yourself?

 To answer these questions, the InfraGard Knoxville Members Alliance at its next meeting will present "Betrayed...the Trusted Insider."  This video is a compelling, thought provoking drama designed to show the the price of silence when employees see marked, sometimes subtle, changes in one on their coworkers.  A new girlfriend, divorce, working odd hours, "minor" security violations....it's not like he is a spy.  But what if he is?  What is the price of silence?  The video also features former colleagues of convicted spies who reflect on the personal toll extracted by betrayal. 

 The meeting will be held in the auditorium at the Fountainhead College of Technology beginning at 6:00 PM on Thursday, October 20th. This meeting is open to all who would like to attend. Note that this is an evening session.

 For further information on this meeting or the Knoxville InfraGard chapter please contact Pat Payne at pjzz@comcast.net or Richard Scheuch at rscheuch@embarqmail.com.

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