Survey: Almost all retailers vulnerable to insider data threats

San Jose, Calif. – Almost all retail IT decision-makers feel vulnerable to insider data security threats. According to the 2015 Insider Threat Report from enterprise data security provider Vormetric, 93% of U.S. retail respondents reported they were "somewhat" or more vulnerable to insider threats.



Of that number 51% of U.S. retail respondents reported feeling "very" or "extremely" vulnerable to insider threats – more than twice that of respondents outside the U.S. (24%). Almost half (48%) of U.S. retail respondents have experienced a data breach or failed a compliance audit in the last 12 months.



When asked about the top three IT security spending priorities, 63% of U.S. retail respondents cited preventing a data breach incident, while 37% cited protection of critical IP and 36% cited protection of finance and other assets.



Although meeting compliance requirements was not a top spending priority, 77% of retail organizations rated compliance requirements as "very" or "extremely" effective at offsetting insider threats.