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Code42 Expects Security Business to Double in 2021

Press release content from Business Wire. The AP news staff was not involved in its creation.
Code42 Expects Security Business to Double in 2021
February 11, 2021 GMT
IT security leaders surveyed by Code42 in November 2020 expect insider threats to increase in the next two years, according to the Code42 Data Exposure report. (Graphic: Business Wire)
IT security leaders surveyed by Code42 in November 2020 expect insider threats to increase in the next two years, according to the Code42 Data Exposure report. (Graphic: Business Wire)
MINNEAPOLIS (BUSINESS WIRE) Feb 11, 2021
Code42, the Insider Risk Management leader, today announced it is beginning 2021 with strong momentum in its security business, growing Annual Recurring Revenue more than 100% and doubling its security customer base in 2020. As Code42 continues to set new standards for Insider Risk Management, by protecting data from exfiltration without blocking collaborative work, the company again expec ....

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Reports: Covid-19 prompting more fraud - Internet

Reports: Covid-19 prompting more fraud
The COVID-19 pandemic may have slowed in-person commerce, sent more people into remote work, and generally thrown the global economy into a panic. But for hackers and other fraudsters, the pandemic hasn t slowed anything, it has accelerated. That is a key takeaway from several new report which underline the ways fraudsters are using the pandemic to harm both the public and businesses.
First, Code42 s latest Data Exposure Report most IT security leaders (76%) say their business has experienced at least one data breach because of the quick move to remote work during the pandemic. About half believe these data risks will continue for at least two more years, primarily because many employees don t realize - or don t care - about the risks to employers due to remote work security risks. ....

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Code42 Data Exposure Report: COVID-19 Creates Perfect Storm for Insider Risk Growth, Organizations Unprepared to Protect Data

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Employees are 85% more likely today to leak files than they were pre-COVID
59% of IT security leaders say insider threat will increase or significantly increase in the next two years
More than half of organizations don t have an insider risk response plan
40% of organizations don t assess how effectively their technologies mitigate insider threats
Code42, the insider risk detection and response leader, today released its latest Data Exposure Report on Insider Risk. The study, conducted by Ponemon Institute, found that both business and security leaders are allowing massive Insider Risk problems to fester in the aftermath of the significant shift to remote work in the past year. During that same time, three-quarters (76%) of IT security leaders said that their organizations have experienced one or more data breaches involving the loss of sensitive files and 59% said insider threat will increase in the next two years primarily due to users having access ....

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