COVID-19 has created unprecedented and sometimes extremely challenging problems for government agencies and defense industrial base companies, especially when it comes to financial distress that their cleared populations may encounter. For this reason, factors that may correlate with insider threats from within federal, state and local government agencies appear to be on the rise.
Insider threat situations can stem from personal and financial stressors, of course, but also employee negligence, mental health issues or substance abuse, and other concerning behaviors. Financial triggers are one way to determine potential financial stressors and can be leveraged to augment existing insider threat programs.
Despite overall improvements to regular background checks through continuous evaluation or continuous vetting programs, many security organizations—for the most part—pull credit reports only on an annual basis, which doesn’t provide a true continuous perspective. Financial triggers programs, on the other hand, are a true continuous monitoring activity that enable data furnishers to conduct first-level risk analysis.
To implement or augment an existing insider threat program, most agencies and defense companies alike have adopted a framework addressing three broad areas: processes in the organization that help detect suspicious behaviors; internal information that helps identify suspect use of internal data and resources; and external information to help discover at-risk individuals. A robust financial triggers program is implemented in the third area.
Major lending institutions use financial triggers programs to determine if their customers are behaving in a way that might unnecessarily introduce undesired financial risks. Similarly, insider threat programs could use financial triggers to determine if their employees are behaving in a way that might unnecessarily introduce undesired security risks. Both government and commercial lending institutions use periodic consumer reports to develop greater risks insights, but many major lending institutions take the ..
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