“The federal insider threat market is on pace to surpass $1 billion in fiscal 2020, according to Bloomberg Government’s insider threat market definition. This increase stems from federal agencies’ growing reliance on cybersecurity products and services designed to address both internal and external security threats.”
“Now almost a decade since former President Barack Obama signed Executive Order 13587, creating an insider threat task force and detection program, the disclosure of sensitive government information – whether accidental or deliberate – remains an ongoing challenge. Increased telework due to the Covid-19 pandemic may pose insider threat concerns as government agencies may find it more difficult to protect and monitor their employees and contractors working remotely.”
“To address these and other insider threats, federal agencies will require products and services from contractors, including security awareness training, user activity monitoring, and behavioral analytics…”
“The top agencies buying insider threat-related products and services are the departments of Defense, Homeland Security, Health and Human Services (HHS), and Veterans Affairs. All of the top four agencies, which account for about two-thirds of insider threat obligations annually, spent more on insider threat in fiscal 2019 than in fiscal 2018, with the exception of HHS, which fell by 25%. Yet, HHS has already spent more in fiscal 2020 than in fiscal 2019 with more than a month left in the fiscal year, mostly due to purchasing a $30 million IT analytics platform from Perspecta Inc. that could, in theory, be used to analyze insider threats.”
“Large agency- or government-wide multiple award contracts and schedules account for the top nine contracts in the market since fiscal 2016. They include the National Aeronautics and Space Administration’s Solutions for Enterprise-Wide Procurement V, the General Services Administration’s Schedule IT-70, DHS’s Enterprise Acquisition Gateway for Leading Edge Solutions II, HHS’s Chief Information Officer – Solutions and Partners 3, and VA’s Transformation Twenty-One Total Technology Next Generation…” Read the full article here.
Source: Insider Threat Market to Top $1 Billion in Fiscal 2020: This Is – By Laura Criste, August 27, 2020. Bloomberg Government.
