Insider Threat Management Software: Top Vendors in 2024

Insider threats pose one of the biggest data security risks to organizations today. Studies show that 58% of companies have experienced an insider attack over the past year.1 As a cybersecurity expert with over 10 years of experience in data protection, I‘ve helped numerous clients evaluate and implement insider threat management (ITM) software to reduce this rising risk.

In this comprehensive guide, I‘ll explore the ITM vendor landscape, top solutions, selection criteria, deployment best practices, use cases, trends, and recommendations based on my expertise.

What is Insider Threat Management Software?

Insider threat management software monitors employee activities across email, endpoints, cloud apps, networks, and databases to detect potential threats and risky behavior. Core capabilities include:

  • User behavior analytics – Analyzes patterns such as abnormal data access to identify potential bad actors.
  • Data loss prevention – Controls sensitive data movement and enforces security policies.
  • Incident response – Workflow for investigating and responding to insider threats.
  • Forensics – Tools to collect evidence and determine root causes of incidents.
  • Alerting and reporting – Dashboards, notifications, and compliance reports.

ITM protects organizations against data theft, fraud, IP loss, compliance violations, and accidental data exposure caused by employees. It combines advanced behavioral analytics and risk scoring algorithms with real-time visibility into user activity.

According to recent data, the global insider threat management market is projected to grow at a CAGR of 15.3% from 2022 to 2030.2 This rapid growth underscores the increasing priority that ITM now plays in enterprise security strategies.

Top 10 Insider Threat Management Software Vendors

Selecting an insider threat management solution requires extensively evaluating various vendors across factors like detection accuracy, platform support, ease of use, scalability, and TCO.

Based on my expertise advising clients on their ITM software decisions, I have compiled the top 10 solutions:

1. Proofpoint Insider Threat Management

Proofpoint provides powerful people-centric analytics across email, cloud apps, social media, and endpoints.

Key Capabilities:

  • Predictive insider threat modeling using AI
  • Automated and streamlined response workflows
  • Flexible deployment options

Reviews: 4.5/5 on G2 (494 reviews)

Pricing: Starts at $10 per user/month billed annually

2. Code42 Incydr

Code42 focuses on insider risk detection for file activity on laptops, desktops, and cloud services.

Key Features:

  • File visibility and restore options
  • Risk scoring based on file exposure
  • Customizable usage and backup settings

Reviews: 4.5/5 on G2 (422 reviews)

Pricing: Starts at $6 per user/month

3. Microsoft Insider Risk Management

Microsoft’s solution leverages integrated 365 data to identify compromised users and data exfiltration.

Notable Capabilities:

  • User anomaly detection
  • Playbooks for automated response
  • Native identity and access controls

Reviews: 4.2/5 on G2 (18 reviews)

Pricing: Included with qualifying 365 licenses

4. Teramind

Teramind specializes in advanced employee monitoring, behavior analytics, and risk scoring.

Key Strengths:

  • Powerful cross-platform user activity tracking
  • Anomaly detection and risk analytics
  • Video recording and optical character recognition

Reviews: 4.6/5 on G2 (204 reviews)

Pricing: Starts at $10 per user/month

5. Netwrix Auditor

Netwrix Auditor provides visibility into data access and changes to detect insider threats across hybrid environments.

Top Features:

  • Broad auditing capabilities for AD, file servers, O365, etc.
  • Pre-built compliance reports
  • Quick deployment and simplified usage

Reviews: 4.5/5 on G2 (179 reviews)

Pricing: Starts at $12 per user/month

6. BetterCloud Insider Threat Module

BetterCloud secures and controls SaaS environments, delivering insider threat protection for cloud apps.

Notable Capabilities:

  • Automation for access changes and offboarding
  • Context-based visibility into cloud app activities
  • Custom workflows connecting apps and data

Reviews: 4.1/5 on G2 (407 reviews)

Pricing: Starts at $3 per user/month

7. ObserveIT (Acquired by Proofpoint)

ObserveIT monitors insider threats across SMBs with video recording, analytics, and compliance reporting.

Key Features:

  • Cloud platform optimized for smaller organizations
  • Powerful video auditing capabilities
  • Pre-built insider threat alert templates

Reviews: 4.7/5 on G2 (137 reviews)

Pricing: Contact for Quote

8. ActivTrak

ActivTrak focuses on insider threat detection through user activity monitoring and productivity analytics.

Notable Capabilities:

  • Auto-generated productivity reports
  • Timeline view of detailed user activity
  • Cloud-native platform

Reviews: 4.5/5 on G2 (938 reviews)

Pricing: Starts at $10 per user/month

9. Veriato Cerebrus

Veriato Cerebrus combines insider threat analytics with DLP, UBA, and forensics.

Key Strengths:

  • Advanced behavioral analysis and risk scoring algorithms
  • Reduced false positives
  • Intelligent grouping of related high-risk events

Reviews: 4.3/5 on G2 (126 reviews)

Pricing: Starts at $25 per user/month

10. Forcepoint Insider Threat Solution

Forcepoint provides an integrated enterprise insider threat management platform.

Top Capabilities:

  • Risk-adaptive protection tuned to behaviors
  • Automated security analytics and response
  • Unified view across cloud apps, email, and web

Reviews: 4.0/5 on G2 (19 reviews)

Pricing: Starts at $35 per user/month

With exponential growth in remote and hybrid work, organizations are prioritizing these top insider threat detection solutions now more than ever. Look for vendors offering robust analytics, flexible deployment, and streamlined workflows tailored to your environment.

Evaluating Insider Threat Management Software

Choosing the right ITM solution requires aligning key software capabilities with your organization‘s unique requirements and use cases.

Here are the top criteria to consider in your evaluation process:

Detection Accuracy – Look for low false positive and false negative rates based on advanced behavioral analytics. Prioritize risk-adaptive models over just static rules.

Platform Support – Assess coverage across cloud apps, social media, endpoints, networks, email, and collaboration tools.

Incident Investigation – Review alert and case management features that help focus on legitimate threats quickly.

Policy Enforcement – Verify flexible options for access controls, activity restrictions, DLP policies, and remediation actions.

Employee Privacy – Validate built-in data anonymization, encryption, and user access controls.

Deployment Flexibility – Evaluate SaaS-based, on-prem, and hybrid installation options to match IT preferences.

Customer Satisfaction – Check third-party review sites and talk to current customers to determine ease of use and vendor support quality.

Scalability – Test ability to flexibly accommodate growth in users, locations, countries, and data sources.

TCO – Model 3-5 year TCO based on license costs, implementation and training needs, and IT overhead.

Avoid choosing software based only on the cheapest licensing fees, as hidden costs around usability and data breaches can be substantial. Leverage free trials and proofs of concept to validate the solution aligns with key requirements.

Comparing Core Capabilities of Top ITM Vendors

Vendor User Behavior Analytics DLP Forensics Incident Workflow Anomaly Detection
Proofpoint Yes Yes Yes Automated AI-powered
Code42 File focus only Yes File restore Manual Rules-based
Microsoft Yes Yes Limited Automated Statistical models
Teramind Yes Yes Recording only Manual Rules and analytics
Netwrix Auditing focus Yes Limited Manual Rules-based
BetterCloud Yes Yes No Custom workflows Rules-based
ObserveIT Yes No Recording only Manual Rules-based
ActivTrak Productivity focus No No Manual Rules-based
Veriato Yes Yes Recording only Manual Behavioral analytics
Forcepoint Yes Yes No Orchestration Risk-adaptive

This overview shows distinct strengths suits different organizations depending on their size, industry, use cases, and requirements. Conduct in-depth capability assessments before purchasing to ensure the best fit.

Deploying ITM Software Effectively

Once selected, insider threat management software must be carefully deployed for maximum impact. Here are my recommended best practices:

  • Phase deployments – Roll out incrementally to tune detections and minimize disruption.
  • Baseline activity – Profile normal user behavior before activating enforcement actions.
  • Integrate workflows – Connect ITM alerts with existing security operations and IT workflows.
  • Limit false positives – Continuously tune rules and policies to avoid alert fatigue.
  • Routinely review – Monitor metrics around violations, risk scores, and cases regularly.
  • Educate end users – Train staff on appropriate data handling and system use policies.
  • Promote collaboration – Facilitate coordination between HR, IT, legal, and security teams.

Common challenges I‘ve seen organizations face include underestimating deployment timelines, lack of executive buy-in, and difficulty maintaining workflows long-term. Addressing these proactively is crucial for a successful rollout. Leverage vendor resources and consult experts to mitigate potential pitfalls.

Insider Threat Management Use Cases

ITM software helps protect against numerous insider attack vectors based on an organization‘s risk profile:

Public Sector – Stop theft of classified information by contractors and employees.

Financial Services – Detect fraud by privileged insiders within core banking systems.

Healthcare – Enforce HIPAA compliance by controlling PHI access and movement.

Technology – Limit intellectual property loss and enforce confidentiality.

Retail/eCommerce – Reduce theft of customer data for financial gain.

Energy/Utilities – Prevent sabotage of critical infrastructure and systems.

Manufacturing – Safeguard proprietary designs and processes within the organization.

Regardless of industry, ITM reduces business exposure to reputational damage, financial fraud, competitive disadvantages, regulatory penalties, and operational disruptions caused by insider threats.

Key Insider Threat Statistics

  • 58% of companies surveyed experienced an insider attack in the past 12 months.3
  • Damages from insider threats cost organizations $15.4 million per year on average.4
  • 90% of organizations feel vulnerable to insider attacks.5
  • 51% of data breaches originated from privileged users.6
  • Human error accounted for 22% of breaches, while 15% were attributed to malicious insiders.7
  • Only 27% of companies conduct criminal background checks on privileged users.8

These sobering statistics make a compelling case for implementing robust insider threat programs supported by advanced ITM software.

Insider Threat Management Industry Trends

The following trends are shaping innovation and growth in the ITM market:

  • Expanding platform support beyond email and endpoints to cloud apps, social media, collaboration tools, and network activity.
  • Increasing use of artificial intelligence and machine learning for behavioral analytics versus just rules-based detections.
  • Orchestrating automated incident response workflows to enable faster and more consistent actions.
  • Anonymizing and encrypting user activity data to protect employee privacy.
  • Integrating ITM into broader cloud-first security platforms from vendors like Microsoft and Proofpoint.
  • A growing managed services market for ITM, including MSSPs and MDR services.
  • Converging capabilities with related markets like data loss prevention (DLP), security analytics, and user entity behavior analytics (UEBA).

As insider threats become more prevalent, ITM solutions will continue advancing across these areas to meet escalating security demands.

Recommendations for Selecting ITM Software

As an experienced cybersecurity consultant, my top recommendations for organizations evaluating insider threat software are:

  • Document requirements – Profile your assets, users, regulations, and use cases to align with vendor capabilities.

  • Assess risk holistically – Take inventory of gaps in controls, monitoring, and response related to insider threats.

  • Start with highest risk – Prioritize pilots and initial coverage on users and systems with most sensitive data access.

  • Focus on actions – Look for context-aware alerts and automated workflows to accelerate response.

  • Get user buy-in – Increase adoption through education on balancing privacy and security.

  • Share responsibility – Coordinate between department leaders in HR, legal, security, and IT.

  • Train continuously – Refine policies and tune systems to adapt to changes and new threats.

With careful planning guided by these best practices, your organization can implement insider threat management software that maximizes risk reduction while providing user visibility and control.

Key Takeaways

Here are my key recommendations on navigating the insider threat management software landscape:

  • Insider threats from compromised users and malicious insiders present a dangerous and expensive risk that is increasing sharply.

  • Capabilities like user monitoring, activity analysis, and access controls offered by ITM solutions can reduce this risk.

  • Leading ITM vendors include Proofpoint, Code42, Microsoft, Teramind, Netwrix, BetterCloud, ObserveIT, ActivTrak, Veriato, and Forcepoint.

  • Align vendor capabilities to your detection, platform support, workflow, compliance, integration, and scalability requirements.

  • Follow deployment best practices around phasing rollouts, setting baselines, educating users, and collaborating across teams.

  • Look for vendors offering AI-driven behavioral analytics, automated response, and seamless cloud application support based on market trends.

With the right foundation of people, process, and technology, organizations can implement insider threat programs that enhance security while enabling collaboration and productivity.