Employees using social media and participating in a Bring Your Own Device (BYOD) policy pose the biggest security threats, according to a new report.
Callcredit Information Group’s Fraud and Risk Report – which was based on a survey of more than 200 fraud prevention managers – has revealed that 43 per cent of organisations believe workers’ access to social media is the biggest threat to security. Meanwhile, 35 per cent think that BYOD policies are the biggest obstacle to preventing security breaches and fraud.
Access to personal email accounts is also perceived as a risk, with 25 per cent considering it dangerous to companies.
When it comes to BYOD policies, fraud prevention managers think that this could have the effect of causing data breaches. Half of respondents (50 per cent) thought that “accidental, internal loss or compromise of data by an employee” was going to be a significant threat.
John Cannon, director of fraud and ID at Callcredit Information Group, said: “As fraud in our society grows, and as geographically mobile individuals increasingly need to establish their digital identity, so the pressure on fraud and risk professionals to protect their organisations and consumers mounts.”
He went on to say that “a staggering 56 per cent of UK organisations have been affected by fraud,” adding that it demonstrates that it is one of the biggest risks facing global boardrooms.
According to the report, 75 per cent of organisations currently think that organised cybercrime is the biggest threat to businesses. However, in time this is expected to change, with 55 per cent believing that denial of access will pose the biggest threat in two to three years.
Mr Cannon said: “Whilst fraud professionals might be confident in their abilities to prevent and deal with a potential breach, our research suggests that employees need much more education on the risks.”
He added that explaining threats, giving employees suggestions on how to protect themselves and informing them about ways to spot a breach could be instrumental in protecting a company from cybercrime. Mr Cannon said that the entire workforce needs to understand what the relevant cyber vulnerabilities are in order to prevent them.
When companies implement BYOD policies, training procedures should be present with them. Workers should be made aware of what they can and cannot do with company data.
According to Callcredit Information Group, the biggest fraud prevention priority for the majority of organisations is creating a fraud aware culture (86 per cent). However, this is also considered the hardest priority to address (18 per cent).
BYOD policies may pose threats to companies but there are ways of countering these risks and ensuring your business’ security. Arrow can ensure your firm has the best protection for your employees’ own devices with its mobile device management solutions.
Mobile device management is one way in which companies with BYOD policies in place can protect their data. It allows businesses to maintain visibility and control of all devices accessing their networks.