Executive Summary

Phishing, insider threats, and digital attacks that lead to ransomware cost global businesses trillions of dollars annually. No company is immune. With cybercrime rising by 600%during the COVID-19 pandemic, organizations must find new ways to respond to cyberattacks’ financial and reputational repercussions. Executives, employees, and businesses of all sizes are now targets for threat actors seeking to inflict harm. Rapid digital transformation in the workplace has put a bullseye on the backs of executives and key employees like privileged IT personnel, HR, finance, and others, as they have top-tier access to critical systems and sensitive data, which can lead to credential theft, account takeover, and a ransomware attack.

No longer are the days when C-suite executives were the only employees who needed protection.
For example, the recent Colonial Pipeline hack involved compromised credentials from a single rank-and-file employee — who typically has fewer digital protections than executives — to obtain data that was used in a ransomware attack that disrupted fuel pipeline operations of the entire East Coast of the U.S. Uber’s 2022 data breach involved hackers who used a contractor’s corporate password purchased on the dark web, allowing them to access several other employee accounts and elevate permissions to several tools, including G-Suite and Slack.

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