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New Survey Uncovers the Impacts of Hidden Workforce RiskMCLEAN, Va., Feb. 21, 2019 /PRNewswire/ -- Endera, provider of the first continuous evaluation platform for workforce risk, today released a new report, Security Executives on the Future of Insider Threat Management, which takes a hard look at the business impacts of workforce-related incidents and the major challenges found in securing the modern day workforce. To compile this report, Endera commissioned research firm Vanson Bourne to survey 200 security executives focused on insider threats, workplace safety and security at enterprises with more than 1,000 employees to shed light on how these businesses are experiencing and addressing workforce-related incidents and risk. Among the key findings:
"Hands down, people are a company's most valuable asset. But, as the definition of the 'workforce' expands with the rise of the gig economy and use of third party vendors, workforce risk and insider threats are equally becoming a global issue," said Raj Ananthanpillai, Chief Executive Officer of Endera. "This survey sheds light on the fact that enterprises are struggling to reduce the number of workforce related incidents, which have major ramifications on workforce retention, brand reputation, and a company's finances." A lrge majority of survey respondents reported that contractors and freelancers are most likely to be the cause of workforce-related security incidents and 64% reported that supply chain and third party vendors were the culprit. The report also went on to find that 71% of those individuals have face-to-face interaction with customers, meaning that not only is this potentially a workforce issue, but it can also have a detrimental impact on the customers who rely on the extension of the enterprise to provide services such as child care, transportation, data management, healthcare and more. Cyber Threats and Risks Cause More Concern than Workplace Safety To this end, the report also explores the types of risk that enterprises are most concerned about with most respondents (86%) placing device theft or loss among their top three risks, along with fraud (80%) and cybersecurity threats (74%). However, these types of insider risks could be mitigated if the potential for these incidents were flagged ahead of time. Limitations & Challenges with Current Background Checks "In this new modern economy the legacy approach of doing pre-hire background checks, which is typically a one-and-done process, is outdated and needs to transition to a continuous evaluation in order to truly identify risk before it's too late," added Ananthanpillai. "By having access to the right tools and data to proactively head off problems and retain talent these executives would be better equipped to keep their company, customers and employees safe." To that end, 88% of security executives agree that continuously evaluating workforce risk will help their company better understand and prepare for risks. At the moment, none of the respondents noted that they conduct post-hire background checks on a continuous basis and only 11% reported that they update them on a monthly basis. The majority of respondents are updating them even less frequently than that. To access the full Endera Security Executives on the Future of Insider Threat Management survey and key findings, please visit: https://endera.com/futureofinsiderthreatmanagement2019. About Endera
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