The Insider Threat Database (ITD) reports a 14% increase in insider threats, mainly from work-from-home employees facing financial pressures; internal fraud incidents rose, with over 300 cases in 2023, primarily due to dishonest actions for personal gain. Cases of false employment applications also increased, making up 33% of all internal fraud incidents. Despite a 20% rise in cases caught by internal controls, only about six out of every ten incidents are detected
The length of time an employee has been in their position plays a role in different types of fraud, such as account misconduct, bribery, and unlawful disclosure of commercial data. Other fraud instances reported included misuse of facility, identity fraud, and facility takeover, with causes including AI-powered fraud, social media manipulation, cost-of-living crisis, and increased remote work challenges. Regulatory responses to fraud include the Online Safety Act, Economic Crime and Corporate Transparency Act 2023, and mandatory reimbursement for Authorized Push Payment (APP) fraud. The hope is that these measures will effectively combat the rising trend of insider threats. https://www.tripwire.com/state-of-security/insider-threats-maintain-rising-trend