The Rising Tide of Insider Threats: A Call for Enhanced Security Culture and Training

In the face of startling increases in employee theft and dishonest conduct, businesses are contending with a surge in insider threats that have far- reaching implications for security and trust within organizations. With a 74% rise in cases of employees stealing from their employer and customer accounts compared to 2022, the stark reality is that insider threats are not just a possibility but an active and growing risk.

This troubling trend is highlighted by the latest Fraudscape update, which details a significant uptick in fraudulent activities reported to the Cifas Internal Fraud Database (IFD) during the first three-quarters of 2023. Notably, theft of IT equipment and unauthorized withdrawals from customer accounts suggest a burgeoning crisis within organizations, propelled by the current economic strain and the desperate measures some individuals take to augment their income.

The demographic data is particularly insightful, revealing that many of these fraudulent acts are committed by employees aged between 21-30, with an alarming rise in cases amongst those aged 51-60. It is evident that the impact of the cost-of-living crisis knows no age limit, pressuring employees at various stages of their careers.

While it is heartening to see an increase in staff reporting their colleagues for fraudulent conduct, the overall picture remains bleak. Organizations are struggling to mitigate risks that not only involve direct theft but also extend to the unlawful disclosure of sensitive data, with a significant portion of breaches involving the unauthorized sharing of customer information.

Against this backdrop, the need for a robust security culture and training on insider threats has never been more pronounced. Recognizing this imperative, TSA offers specialized courses aimed at enhancing organizational preparedness to deal with insider threats and cultivating a strong security culture.

Furthermore, TSA's Security Culture training focuses on creating an environment where security is everyone’s responsibility. It stresses the importance of encouraging employees to remain vigilant, report suspicious activities, and adhere to best practices that protect both their interests and those of the organization. A strong security culture is a deterrent to potential insiders, as it increases the likelihood of detection and the consequent repercussions. 

As we navigate a landscape riddled with economic challenges and ethical dilemmas, investing in education and preventative measures is not merely an option—it is a critical business imperative. The TSA’s offerings are more than just courses; they are a necessary step towards safeguarding the future of our workplaces and the trust upon which they are built.

Learn to Professionally Handle Transportation of Dangerous Goods

Do you want to equip yourself with the knowledge to ensure responsible transportation practices for dangerous goods?

Don't wait—start learning now and make a difference because you will be empowered with the knowledge of handling transportation of hazardous or dangerous goods, covering essential topics such as regulations, cross-border challenges, and country-specific requirements.