Corporate Risk Intelligence
Navigating the Risk Ecosystem
Businesses today face an increasingly complex ecosystem of information security risks from malicious actors. Sophisticated ransomware attacks are coordinated, sensitive corporate documents are leaked, and cybercriminals sell personably identifiable information (PII). In this environment, corporate risk management requires not just preventing breaches but also proactively detecting leaked information in order to correctly assess risk and mitigate damages. Common examples of leaked corporate information include trade secrets, future business plans, internal correspondence, and detailed customer or employee information. Leaks can adversely impact a business in a variety of ways, ranging from regulatory fines and class action lawsuits to reputational damage and lost revenue.
Corporations are exposed to the risk of data theft from many different sources. “Doxing,” the relatively new phenomenon in which a company or executive’s sensitive private information is leaked and broadcasted to the public, can have significant ramifications on daily business operations. If a company is doxed, it is often done by hacktivists who have an agenda to cast the company in a bad light or disrupt business.
Financially-motivated cyber criminals also pose a major threat to organizations. These groups sell personably identifiable customer information stolen from unsuspecting businesses. They conduct sophisticated social engineering to install devastating ransomware on networks or impersonate employees over email to solicit fraudulent wire transfers. Regardless of industry, if customer or proprietary company information is leaked on the internet it damages the reputation of the company and causes significant concerns for the general public, potential customers, partners, and shareholders moving forward.
Insider threats can also be a source of significant risk. With access to proprietary information, disgruntled employees who wish to damage a company typically have a wealth of readily accessible data at their disposal. Employees can also leak confidential information accidentally or carelessly, for instance by sending an email to the wrong person. Some of the largest breaches in recent memory have been caused by insider threats.
Mitigating the Risks
Finding, preventing, and responding to leaked information sits at the confluence of several teams within a corporation, including Information Security, Compliance, Communications, Human Resources, and Public Relations. Integrating these teams around the common goal of data security can present challenges, however the importance of building an incident response team prior to an event cannot be understated.
The first step to mitigating damaging leaks is having a strong data security policy as well as managed detection and response (MDR) teams. Additionally, in order to strategically and holistically address data security risks, businesses need an efficient way discover and analyze information that has been leaked as a result of a breach. Identifying leaked information that is published online can alert a company to a data security issue that was previously unknown. The desire to efficiently discover and react to sensitive information is much of the reason why we developed out corporate risk intelligence platform, DarkBlue.
Much like hunting for threats on a network to subdue them prior to a more significant breach, businesses that proactively hunt for leaked information can minimize damage before it becomes more publicly known. This can include monitoring social media, forums, and other sources for mentions of a company, executive names, internal project names, and proprietary information. If you are curious about what corporate risk intelligence and DarkBlue can do for your organization’s risk management strategy, schedule a demo.