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The insider threat to financial services: Why a shift in mindset is required to combat this silent risk

Author

Listed:
  • Harvey, Dave

    (FTI Consulting, UK)

Abstract

The traditional mindset around insider threat is outdated and a shift is required to combat this silent risk. This paper describes the various types of insider threat, common cyberattack types that involve insiders and insider threat risks specific to mergers and acquisitions. From there, key elements of an effective insider threat programme are defined and resources involving existing guidelines and frameworks for how to get started building a proper programme are provided. This paper explains why insider threat must be taken seriously and why moving away from a network protection mindset is essential to improve cyber security protections.

Suggested Citation

  • Harvey, Dave, 2022. "The insider threat to financial services: Why a shift in mindset is required to combat this silent risk," Cyber Security: A Peer-Reviewed Journal, Henry Stewart Publications, vol. 6(1), pages 34-40, September.
    • Handle: RePEc:aza:csj000:y:2022:v:6:i:1:p:34-40
    as

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    More about this item

    Keywords

    insider threat; financial services; cyber security; cyber risk; cyberattack; M&A/mergers and acquisitions;
    All these keywords.

    JEL classification:

    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management

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