Why are family offices failing to protect against insider threats?

#Insiderthreats stem from legitimate users who have approved access to computer systems in an organization. Threats from insiders can develop from either nefarious intent to cause harm to networks or from unsuspecting staff or family members who unintentionally compromise information systems or leak data. 

81%+ of family offices do not protect against insider threats. Most staff #backgroundchecks and monitoring programs start and end at the point of initial employee onboarding. 

It is quite common to see family office employees with outsized access to information because of the lean staffing nature of most family offices. Combined with a focus of efficiency of operations over effective security and the low resource allocation to IT and #security functions that family offices encounter, insider threat issues are abundant in the family office world.

Family offices should consider working with their advisors to develop robust insider threat programs that are effective and regulatory- and legally-compliant.

Want to learn more about how to address insider threat and many other security and risk management issues?

Click here to read our family office security report: https://lnkd.in/d-bQnPNx