The need of the time:

An integrated employee performance monitoring and information protection control for CXOs

• Survey reveals that 95%1 of cybersecurity breaches are caused by human error. One of the most common causes of cyberattacks is ignorance and lack of visibility.
• According to Proofpoint sixth annual State of the Phish report, 50% of people who take a work device home have let their friends and family use it, and one-third of Australians “don’t feel the need” to ever use a VPN.
• In the survey involving 3500 working professionals, more than 50% admitted that they did not password-protect their home networks, 45% reuse their passwords, 32% were unfamiliar with VPNs, and 90% used their work PCs and smartphones for personal activities.

If you think all these statistics are not for your organization, think again. 90% of global organizations surveyed said they had been targeted by business email compromise (BEC) and spear-phishing attacks.

Why are organizations prone to cyberattacks despite having a security system in place?

The answer is simple. Most attacks are exposed days after they happen. Organizations do not foresee the attack and ‘think’ they are safe because a security monitoring system is in place.

To prevent this and act proactively before an attack, CXOs need to have an integrated control. A dashboard that provides a unified view of security and performance, because let’s admit it, monitoring each of these areas separately is a daunting task for CXOs.

Why do CXOs need an employee performance monitoring tool?

Research2 reveals that employees are only productive for 2 hours and 23 minutes per day. With 69% of employees3 thinking they’ll work harder if their efforts are better recognized, employee monitoring can be a powerful tool for the following reasons:

● Identify peak productive hours

As typical work days are flexible now, it is difficult for managers to ascertain when the employees are most productive and engaged. Employee monitoring software can help managers with the insight necessary to gain a broader perspective on the team’s overall productivity level.

● Identify IP theft

The 2018 IP Commission Report estimates the low-end cost of trade secret theft to US firms to be $180 billion, or 1% of the US GDP, and the high-end cost to be $540 billion, amounting to 3% of the GDP4 . Though companies rarely admit being victims of IP theft, the reality is that enterprises cannot quantify the loss. Employee activity monitoring can help prevent IP thefts.

● Identify bottleneck software and applications

A CIO Study5 reveals that 37% of systems used at organizations worldwide have unnecessary, unwanted, or unused software installed on them. Popularly known as shelf ware, these unused software waste money, and space. An intelligent productivity monitoring tool installed as an endpoint solution can help IT teams save approximately $2596 per system by identifying shelf ware.

● Get better employee insights

Research says that $7.4 billion7 is lost every day due to unrecorded work activities. A McKinsey report suggests that digital productivity tools and automating back- office processes can improve profitability by 30%8 . Having better insight into what the employees are doing can address this challenge. Having software to track employee activities can help you lessen non-productive work hours and identify top performers and reward them appropriately.

● Prevent frauds

Organizations often suffer a loss due to employees passing sensitive information for their gain. Fraudulent activities do not cost only the company money but also damage its reputation and customer confidence. With proper employee monitoring, organizations can check on the online activities and data transfer and prevent such loss.

● Prevent legal hassles

?According to the ePolicy Institute9 , 9% of organizations have battled lawsuits triggered by employee email, which can cost them millions of dollars. The violation of ePolicy not only result in multi-million-dollar cases but can risk the organization to public relation disasters, public embarrassment, industrial espionage, and deliberate sabotage. Monitoring your employees’ activities can save your organization from all these threats.

Can productivity monitoring solutions also enhance security?

Organizations monitor employees because of these reasons:

? Suspecting a misuse or fraud or want to investigate an actual fraud or misuse.

? Improving security against insider threats

? Improving productivity and efficiency

There are plenty of solutions in the market that addresses the need to monitor productivity and security in silos.

Productivity suite

? Identify top performing employees

? Identify issues

? Identify employees who are lagging in their performance

Surveillance tool

? Identify asset loss

? Security breaches

? Identify productivity issues

Project supervision and management

? Establish a new process

? Distribute tasks

? Track tasks

While these tools help their areas, CXOs do not have the time to keep a close watch on each of these tools to ensure productivity, security and manage client deliverables. Therefore, integrated control for employee performance monitoring and information protection is the need of the hour to protect your organization from data loss resulting from:

● Hacking (also includes skimming, phishing, and malware): Denial of service, password attacks, emails – hackers employ both old and new techniques to access confidential information.

● Insider threat: Employees have the most sensitive information about insider data and, therefore, can cause insurmountable loss if they expose the data.

● Human negligence: Sometimes, employees disclose information or give their systems access to third-persons without realizing the confidentiality. Loss of device, improper disposal of hard copies, and other such errors is a potential cause of data breach.

● Theft: Theft of laptops, mobile devices, USB drives, or external hard drives.

● Unauthorized access: Lack of access controls, precisely poorly monitored passwords or two-factor authentication.

An end-to-end productivity monitoring and security solution

A complete solution can help CXOs track the daily work of the employees and address challenges on-the-go to ensure end-user productivity by monitoring productivity and time, detecting insider threats, complying with regulatory requirements:

• Comparing work patterns of the top performers to streamline workflows and boost productivity.
• Identifying the most and least productive teams within the organization.
• Analyzing total and daily average work time of employees.
• Getting complete visibility on productive working hours of all the teams across the organization.
• Identify risky and threatful insiders by monitoring data share and access patterns.
• Get visibility on user activity with work screenshots, application and activity monitoring, including web searches.
• Monitor and restrict access to certain apps and websites to ensure security compliance.
• Verified attendance by tracking employee work time via their computer activity.
• Classify productive and unproductive applications.
• Cut down licensing cost with usage-based software license optimization.

inDefend: A unified productivity monitoring and insider threat management solution

inDefend is a one-stop solution to help protect your data from all kinds of insider threats within your organization. It allows you to monitor your employees’ behavioral patterns and pinpoint potential avenues for data exfiltration. This solution is built to achieve complete transparency over all the digital assets residing within your organization. With our unified solution, you can quickly tackle various kinds of security issues about data exfiltration. It offers a proactive approach to the organization as follows:

1. Insider threat management Get a complete user behavior analysis to protect your sensitive data from being compromised by employees by monitoring their activities and communication habits.
2. Employee monitoring Monitor and improve your employees’ productivity by keeping track of their work activities during work hours.
3. Real-time alerts Get real-time incident alerts for any data exfiltration activity that takes place within the organization.
4. Accurate analytics Get detailed cyber intelligence reports highlighting critical sensitive data leakage scenarios with granular visibility into team dynamics and organizational ecosystems.
5. Superior control Lockdown or block specific channels or devices in case any sensitive data exfiltration is detected.
6. Enforced encryption Secure multiple endpoints with implemented encryption to restrict the use of sensitive information or files.

Implementing a better security system is the need of all organizations at this hour. Our unified solution inDefend can secure your organization from data exfiltration. inDefend is designed to prevent data leakage via various communication channels and proactively keep you informed of any sensitive data exfiltration attempt even on the go. So, start securing your organization against data exfiltration with inDefend.

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