Privileged Access Management (PAM): Understanding and Mitigating Insider Security Threats

Privileged Access Management (PAM): Understanding and Mitigating Insider Security Threats

1. Privileged Access Management (PAM): Understanding and Mitigating Insider Security Threats Insider threats pose significant risks to organizations. Can be unintentional or intentional. Bert Blevins https://bertblevins.com/ 03.07.2024

2. What are Insider Security Threats? 1 Definition Threats from individuals with legitimate access 2 Who Employees, contractors, business partners 3 Types Unintentional (negligence) or intentional (malicious) Bert Blevins https://bertblevins.com/

3. Types of Insider Threats Disgruntled Employees Seek revenge due to feeling wronged Corporate Spies Steal sensitive information for competitors Saboteurs Deliberately damage systems or operations Bert Blevins https://bertblevins.com/

4. Negligent Insiders Careless Workers Fail to follow security protocols Weak Passwords Use easily guessable login credentials Phishing Victims Fall for email scams Untrained Staff Lack adequate security training Bert Blevins https://bertblevins.com/

5. Compromised Insiders Inadvertent Victims Manipulated by external actors Credential Theft Login information stolen and misused Social Engineering Tricked into revealing sensitive information Bert Blevins https://bertblevins.com/

6. Real-World Example: Edward Snowden 1 NSA Contractor Worked as intelligence professional 2 Data Collection Gathered classified information on surveillance programs 3 Leak Released documents to journalists 4 Global Impact Revealed extensive global surveillance programs Bert Blevins https://bertblevins.com/

7. Real-World Example: Morgan Stanley Case 1 Data Download Employee accessed 10% of wealth management clients 2 Information Sharing Posted sensitive data online 3 Exposure Personal information of clients compromised Bert Blevins https://bertblevins.com/

8. Real-World Example: Anthem Breach Phishing Attack Employees fell for malicious email Credential Compromise Attackers gained unauthorized access Data Theft Millions of healthcare records stolen Bert Blevins https://bertblevins.com/

9. Consequences: Financial Loss Data Breach Costs Expenses for investigation and recovery Legal Fees Lawsuits and settlements Lost Business Decreased revenue due to reputational damage Bert Blevins https://bertblevins.com/

10. Consequences: Reputational Damage Customer Trust Loss of confidence in organization Partner Relations Strained business relationships Public Perception Negative media coverage and public opinion Bert Blevins https://bertblevins.com/

11. Consequences: Operational Disruption 1 System Downtime Critical services unavailable 2 Data Recovery Time-consuming process to restore information 3 Productivity Loss Employees unable to perform regular duties Bert Blevins https://bertblevins.com/

12. Consequences: Legal and Regulatory Penalties Data Protection Laws Potential Fines GDPR Up to €20 million or 4% revenue CCPA $2,500 - $7,500 per violation HIPAA Up to $1.5 million annually Bert Blevins https://bertblevins.com/

13. Mitigation: Implement Robust Access Controls 1 Least Privilege Principle Minimum access necessary for job duties 2 Regular Access Audits Review and update permissions frequently 3 Multi-Factor Authentication Require additional verification for sensitive systems Bert Blevins https://bertblevins.com/

14. Mitigation: Enhance Monitoring and Detection User Activity Monitoring Track and analyze behavior patterns Automated Alerts Real-time notifications for suspicious activities SIEM Systems Centralized logging and event correlation Bert Blevins https://bertblevins.com/

15. Mitigation: Foster a Security-Aware Culture Employee Training Regular security awareness education Clear Policies Establish and enforce security procedures Communication Promote open dialogue about security Bert Blevins https://bertblevins.com/

16. Mitigation: Strengthen Incident Response Response Plan Develop detailed procedures for handling threats Drills and Simulations Practice response scenarios regularly Continuous Improvement Update plans based on lessons learned Bert Blevins https://bertblevins.com/

17. Mitigation: Leverage Technology Solutions Data Loss Prevention Monitor and block unauthorized data transfers Endpoint Protection Secure devices against malware and threats Encryption Protect sensitive data at rest and in transit Access Management Control and monitor user permissions Bert Blevins https://bertblevins.com/

18. Mitigation: Encourage Reporting and Whistleblowing Anonymous Channels Secure ways to report suspicious activities Whistleblower Protections Safeguard individuals who report threats Feedback Loop Act on reports and communicate outcomes Bert Blevins https://bertblevins.com/

19. Case Study: Capital One Data Breach (2019) 1 Exploit Former employee accessed data via misconfigured firewall 2 Impact 100 million customer records compromised 3 Lesson Importance of rigorous access control and monitoring Bert Blevins https://bertblevins.com/

20. Case Study: Tesla Insider Sabotage (2018) 1 Incident Employee manipulated systems and exported data 2 Detection Unusual activity flagged by monitoring systems 3 Lesson Need for robust user activity monitoring Bert Blevins https://bertblevins.com/

21. Conclusion: Holistic Approach to Insider Threat Mitigation Technology Implement advanced security solutions People Foster security-aware culture and training Processes Establish and enforce security policies Bert Blevins https://bertblevins.com/

22. About the Presenter Phone [phone] Email [email protected] LinkedIn https://www.linkedin.com/in/bertblevins/ Qualifications Bachelor's Degree in Advertising, Master of Business Administration Bert Blevins is a passionate and experienced professional who is constantly seeking knowledge and professional development. With a diverse educational background and numerous certifications, Bert is dedicated to making a positive impact in the field of server security and privilege management. Bert Blevins https://bertblevins.com/