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2024 Thales Global Data ThreatReport: Trends in Financial Services madhav Tue, 10/15/2024 - 05:17 Financial services (FinServ) firms are key players in the global economy. A lack of multifactor authentication (MFA) to protect privileged accounts was another culprit, at 10%, also 7 percentage points lower than average.
Code-signing certificates are supposed to help authenticate the identity of software publishers, and provide cryptographic assurance that a signed piece of software has not been altered or tampered with. That same email address also is tied to two forum accounts for a user with the handle “ O.R.Z.” account on Carder[.]su
According to the Thales Data ThreatReport, Healthcare and Life Sciences Edition , in 2023, among healthcare and life sciences respondents, human error (76%) is the leading reported cause of cloud data breaches, well ahead of a lack of MFA, the second highest, at 11%. What is HIPAA?
Encryption, data sovereignty, multifactor authentication and website cookies are all vital ideas and technologies to keep consumers’ personal data safe – but research released this month reveals widespread confusion. Multifactor Authentication What is multifactor authentication? Encryption What is encryption?
These criminals are usually after insecure passwords; therefore, the use of modern passwordless authentication methods, like passkeys , is a great way to prevent these scams from happening. Account Takeovers Imagine a burglar not just breaking into your home but changing the locks and assuming your identity. but ahead of the curve.
For example, compromised card details are used to make unauthorized purchases online and personal details are used to take over an account or apply for a credit card in someone else’s name. Criminals use personal and financial data to impersonate customers and add apparent authenticity to a scam. Strong Customer Authentication (SCA).
Identity at a Crossroads: Why Existential Identity Matters madhav Tue, 04/08/2025 - 04:31 Imagine waking up one morning to find your digital identity compromised your accounts hijacked, your access revoked, and your data in someone elses hands. Otherwise, bad identity management can quickly turn into an existential threat.
Health-ISAC, a nonprofit, private sector, member-driven organization, has released its annual cyber threatreport on current and emerging threat activity in the healthcare industry, in collaboration with Booz Allen Hamilton Cyber Threat Intelligence.
Data breaches are at an epidemic level with healthcare organizations experiencing the highest attack rate compared to any other industry studied according to the new Thales 2019 Data ThreatReport-Healthcare Edition. A credit card or bank account can be closed. Inoculate with Encryption and Authentication.
A host of threats continue to put enterprise data at risk. In fact, according to the 2024 Thales Data ThreatReport , more than 80% of organizations reported at least one breach in the last year, while ransomware attacks grew more frequent, with 28% of organizations reported experiencing an attack in 2024, compared to 22% in 2023.
Behavioral Analysis : By studying user behavior, generative AI can flag activities that deviate from normal patterns, potentially signaling insider threats or compromised accounts. For example, AI-driven tools like Darktrace use machine learning to detect threats autonomously, reducing the time between detection and response.
North Korea-linked APT groups actively exploit JetBrains TeamCity flaw Multiple APT groups exploited WinRAR flaw CVE-2023-38831 Californian IT company DNA Micro leaks private mobile phone data Threat actors have been exploiting CVE-2023-4966 in Citrix NetScaler ADC/Gateway devices since August A flaw in Synology DiskStation Manager allows admin account (..)
An investigation for BBCs Panorama programme found a spike in known misogynistic and abusive accounts on Twitter near key dates around Elon Musks takeover of the platform in 2023. More troubling still, 91 per cent of victims said the abuse impacted them in some way.
Threat actors are getting more adept at exploiting common, everyday issues in the cloud, including misconfigurations, weak credentials, lack of authentication, unpatched vulnerabilities, and malicious open-source software (OSS) packages.
Complexity is playing a part in misconfigurations, and these are some of the most common according to the study: 37%: Over-privileged accounts. 33%: Lack of multi-factor authentication (MFA) for access to key services. Cybersecurity research: large number of solutions being used. And this can significantly impact organizations.
For example, an important finding from the Conti leak was the common reliance of ransomware threat actors on Active Directory for lateral movement within the network using privileged credentials. The alert detailed cyber threats which can lead to ransomware, data theft and disruption of healthcare services. Transportation sector.
Use multi-factor authentication with strong passwords, including for remote access services. Monitor cyber threatreporting regarding the publication of compromised VPN login credentials and change passwords and settings. Keep computers, devices, and applications patched and up-to-date. Implement network segmentation.
In February, security researchers from Onapsis, in coordination with SAP, published a ThreatReport that provides technical details about three critical vulnerabilities (CVE-2022-22536, CVE-2022-22532 and CVE-2022-22533) that affected Internet Communication Manager (ICM), which is a core component of SAP business applications.
The following statistics on data breaches and enterprise security provide important context to the importance of managing user access to corporate resources: The Verizon 2021 Data Breach Investigations Report found that in 61 percent of instances of data breaches, stolen credentials were involved. Benefits of IAM Solutions.
At the start of the year, Thales released the findings of its latest annual global Data ThreatReport which found that, as businesses everywhere undergo a form of digital transformation, the risk of data breaches has reached an all-time high. Trust is needed to allay this concern, and this trust should start at birth.
A new Cloudflare phishing report notes that most of the 1 billion brand impersonation emails the company detected “passed” SPF, DKIM, and DMARC email authentication protocols. After all, accounts payable clerks will open virus-laden PDF files named “overdue invoice” or “past-due statement” even if they don’t recognize the sender.
Fraud and cybercrime account for over 40% of all estimated crimes in England and Wales and affects more people more often than any other crime. Cybercriminals and fraudsters have become innovative enough to exploit the expanding attack surface of financial institutions and turn risks into threats. billion annually.
“Although FBI and CISA do not currently have any specific threatreporting indicating a cyberattack will occur over the upcoming Labor Day holiday, malicious cyber actors have launched serious ransomware attacks during other holidays and weekends in 2021.” Using multi-factor authentication. Using strong passwords.
One of the most outstanding examples involves $2 million ‘s worth of CS:GO skins stolen from a user’s account , which means that losses can get truly grave. Game over: cybercriminals targeting gamers’ accounts and money. Launching the malware resulted in decryption and activation of a Trojan-stealer dubbed Taurus.
The problem of the increasing threat landscape is equally reflected in the 2022 Thales Data ThreatReport. While the majority of these advancements operate behind the scenes, protecting the organization transparently, authentication touches every member of an organization personally. Introducing Adaptive MFA.
Yet, faced with modern cyber threats, that seems like a pretty impossible goal, particularly as many attacks are designed to operate under the radar, evading detection for weeks or months at a time. But the tools aren’t everything. Be sure to disable macros and local admin privileges, as well as any applications that are not in use.
This report aims to offer thorough insights into the financial cyberthreat landscape in 2021. The research in this report is a continuation of our previous annual financial threatreports ( 2018 , 2019 and 2020 ), providing an overview of the latest trends and key events across the threat landscape.
The IBM 2023 Cost of a Data Breach Report , for example, highlights the continuous financial burden on retailers, which, coupled with potential reputational damage, emphasizes the dire need for retailers to prioritize and bolster their cybersecurity measures. Governments: Look to global benchmarks. Panic can exacerbate the situation.
As we navigate through 2024, the cyber threat landscape continues to evolve, bringing new challenges for both businesses and individual consumers. The latest OpenText ThreatReport provides insight into these changes, offering vital insights that help us prepare and protect ourselves against emerging threats.
Use Strong Passwords and a Password Manager Sadly, less than 40% of all online users use a distinct password for each account, according to the National Cybersecurity Alliance 2023 Oh Behave! This means switching wholesale to other forms of authentication, which may leverage biometric data, PINs, patterns, and passkeys in place of passwords.
According to the 2022 Thales Data ThreatReport – Financial Services Edition , 52% of U.S. financial services organizations report that they have experienced a data breach in the past. Even more alarming, 43% reported an increase in the volume, severity, and scope of cyberattacks in the last year. Requirement 3.2
As highlighted in our 2025 Annual Cyber-ThreatReport , insecure external remote services are the most effective entry point for attackers. By simply authenticating to networks, they can evade detection and seamlessly blend in with legitimate usersmaking this method highly appealing for adversaries.
The numbers tell the story: The latest Identity Theft Resource Center report indicates that consumers experienced a 21-percentage-point rise in identity crime victimization between July 2023 and June 2024. Passkeys are already gaining momentum, with 30% of consumers implementing this passwordless authentication method.
According to the Thales Data ThreatReport, Healthcare and Life Sciences Edition , in 2023, among healthcare and life sciences respondents, human error (76%) is the leading reported cause of cloud data breaches, well ahead of a lack of MFA, the second highest, at 11%. What is HIPAA?
Use Strong Passwords and a Password Manager Sadly, less than 40% of all online users use a distinct password for each account, according to the National Cybersecurity Alliance 2023 Oh Behave! This means switching wholesale to other forms of authentication, which may leverage biometric data, PINs, patterns, and passkeys in place of passwords.
A host of threats continue to put enterprise data at risk. In fact, according to the 2024 Thales Data ThreatReport , more than 80% of organizations reported at least one breach in the last year, while ransomware attacks grew more frequent, with 28% of organizations reported experiencing an attack in 2024, compared to 22% in 2023.
Counting Down to the EU NIS2 Directive madhav Thu, 05/23/2024 - 05:16 Our recently released 2024 Data ThreatReport showed a direct correlation between compliance and cyber security outcomes. 84% of organizations that failed a compliance audit reported having a data breach in their history. Cybersecurity risk management.
Default use of alert severity SIEM default rules don’t take into account the context of the target system. Severity and confidence seriousness of the threat triggering this rule and the likelihood of a true positive. Research notes possible public links, threatreports, used as a basis for creating the rule.
Identity and Access Management (IAM) The 2024 Thales Data ThreatReport (DTR) Financial Services Edition revealed that only 59% of financial services organizations cite achieving security consistency across workforce and non-workforce identities. Implement multi-factor authentication and single sign-on to strengthen access controls.
RSA targets passwordless and help desk threats RSA unveiled a new enterprise-ready passwordless platform aimed at thwarting advanced identity attacks, especially those that attempt to bypass help desks using social engineering. This years updates: Complete lifecycle support for passwordless security.
1 - Study: Security of open source software projects must improve Improperly secured developer accounts. Here are more details about the three key security issues identified in the study: To conduct their FOSS work, developers often use individual accounts, which typically lack the security protections of organizational accounts.
This report aims to shed a light on more details of financial cyberthreats in 2020. This research is a continuation of our annual financial threatreports ( 2019 , 2018 and 2017 ) providing an overview of the latest trends and key events across the financial threat landscape. The new financial threat market player.
SMBs account for 90% of companies, 60 to 70% of employment, and 50% of GDP globally. According to the Thales 2023 Data ThreatReport , an increasing number of businesses find it more challenging to comply with privacy and data protection regulations in the cloud. MFA means you need to provide more than just a password to log in.
Organizations in the finance sector manage trillions of dollars and maintain very valuable and vital electronic data, including bank account, credit card, and transaction information as well as sensitive data related to estates, wills, titles, and other matters. Download the full 2022 Thales Data ThreatReport, Financial Services Edition now.
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