Super-malicious insider presents a very real risk

Issue 1 2023 Information Security


John Mc Loughlin.

Companies have become increasingly aware of the risk malicious insiders pose and with a potential economic downturn that will drive significant layoffs, it has never been more important for business leaders to understand the impact malicious insiders can have on a company’s security posture.

Employees that leave the company, voluntarily or not, present a real and ongoing risk for companies in today’s hybrid world. Often the individuals planning to leave a company are not pleased with their existing work environment and disgruntled employees usually carry a chip on their shoulder due to the company's inability to alleviate any of their concerns.

These feelings escalate even more when it comes to unexpected layoffs and can be a powerful driver of insider threats, leading to the exfiltration of sensitive information.

The continued rise of the super-malicious insider presents a very real and scary risk for businesses in 2023. Because these individuals’ technical proficiency and acute awareness of the company's existing cybersecurity architecture, solutions and processes that surpass the capabilities of your average malicious insider, they are better able to evade detection.

Here are some of the scariest real-world examples of the super malicious threats the DTEX team has uncovered.

Ghost employee accounts: An individual maintained access to corporate systems and data after leaving their company by proactively creating another account prior to leaving. The individual suspected that the business would keep a closer eye on the activity of employees leaving the business for suspicious data loss or risky behaviours. This persistent access was used to steal customer data and sabotage the company’s operational pipeline by modifying purchase orders months after the individual was let go.

The disgruntled employee: As a result of perceived unfair treatment, an employee decided to steal their supervisor’s personal details (email, phone number, etc.) and leveraged the information to sign into various spam sites. This resulted in the employer and their loved ones experiencing ongoing harassment, significantly disrupting their day-to-day lives. Ultimately, the incident forced the family to change all of their personal information.

The social engineering scare: Another incident identified by the DTEX team involved a disgruntled employee who socially engineered another employee to steal hundreds of thousands of customer records. In this example, the existing Identity and Access Management security solution had been correctly configured to allow only authenticated access, but an authorised download followed by a shared link using a company-approved file-sharing utility was all that was needed to gain unauthorised access.

Once the malicious employee gained access to the records, they archived the information and saved it to the draft’s folder of a personal webmail account for easy access and exfiltration. After the malicious insider secured a position at a new company, they sold the information on the dark web.

Super-malicious insider threats can be detrimental to enterprises as these incidents can directly affect employees’ livelihoods by diminishing the company's brand and/or causing irreparable damage to an individual’s reputation. These examples should serve as a wake-up call to security leaders that traditional DLP, UBA, and UAM tools are not sufficiently mitigating malicious insider threats.




Share this article:
Share via emailShare via LinkedInPrint this page



Further reading:

Highest increase in global cyberattacks in two years
Information Security News & Events
Check Point Global Research released new data on Q2 2024 cyber-attack trends, noting a 30% global increase in Q2 2024, with Africa experiencing the highest average weekly per organisation.

Read more...
Empower individuals to control their biometric data
Information Security Access Control & Identity Management Security Services & Risk Management
What if your biometrics, now embedded in devices, workplaces, and airports, promising seamless access and enhanced security, was your greatest vulnerability in a cyberattack? Cybercriminals are focusing on knowing where biometric data is stored.

Read more...
Strategies for combating insider threats
Information Security Security Services & Risk Management
In Africa, insider threats pose an increasingly significant risk to businesses, driven by economic uncertainty, labour disputes, and rapid digital transformation. These threats can arise from various sources, including disgruntled employees and compromised third-party service providers

Read more...
Five tech trends shaping business in 2025
Information Security Infrastructure
From runaway IT costs to the urgent need for comprehensive AI strategies that drive sustainable business impact, executives must be prepared to navigate a complex and evolving technology environment to extract maximum value from their investments.

Read more...
Kaspersky’s predictions for 2025 APT landscape
Information Security
The 2025 advanced persistent threat (APT) includes the rise of hacktivist alliances, increased use of AI-powered tools by state-affiliated actors – often with embedded backdoor – more supply chain attacks on open-source projects.

Read more...
SecurityHQ certified B-BBEE Level 1: Delivering global services from a local entity
SecurityHQ Information Security
SecurityHQ, a global managed security services provider (MSSP) with an office in South Africa, has announced it can now offer local companies a complete managed cybersecurity service from a Level-1 B-BBEE accredited and 51% black-owned service provider.

Read more...
2024, the year of Fraud-as-a-Service
Information Security
A report from AU10TIX outlines how ‘the industry’s dark engine’ offers user-friendly fraud kits that enable amateurs to execute complex attacks against thousands of accounts in minutes.

Read more...
The future of endpoint security
Information Security
Endpoint security is a critical pillar of cybersecurity, especially for South African businesses, which are becoming prime targets for cybercriminals. Endpoint security involves safeguarding devices connected to a network from a range of cyberthreats.

Read more...
Not enough businesses take cybercrime seriously
Information Security
Interpol recently revealed that cybercrime, specifically ransomware incidents, cost the South African economy up to 1% of the country’s GDP, while the Council for Scientific and Industrial Research estimated the loss at R2,2 billion a year.

Read more...
Navigating today’s cloud security challenges
Information Security Infrastructure
While the cloud certainly enables enterprises to quickly adapt to today’s evolving demands, it also introduces unique challenges that security teams must recognise and manage. Vincent Hwang offers insights from the 2025 State of Cloud Security Report.

Read more...