A Proofpoint cybersecurity study has revealed organizations across the globe spend $11.45 million per year on average in remediation costs related to insider data breaches. The study, commissioned by the Ponemon Institute and co-sponsored by IBM, included responses from nearly 1,000 IT and security practitioners from North America, Europe, the Middle East, Africa and Asia-Pacific region. The remediation costs are up 31% percent from 2018, and more than 60% of respondents said incidents were the result of a careless employee or contractor. Also, respondents said containing insider incidents takes approximately 77 days.
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