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2024 Thales Global DataThreatReport: Trends in Financial Services madhav Tue, 10/15/2024 - 05:17 Financial services (FinServ) firms are key players in the global economy. Among these businesses, human error was cited as the leading cause of cloud-based databreaches at 41% (10 points higher than the global number).
This morning we announced, in tandem with our partner 451 Research, the Global Edition of the 2018 Thales DataThreatReport. It’s abundantly clear that medium to larger enterprises (the focus of the report and underlying survey) are finding it harder than ever to protect their sensitive data. First – The breaches.
trillion, the risk of a databreach extends beyond immediate financial losses. Data Security Thales | Cloud Protection & Licensing Solutions More About This Author > As Black Friday and Cyber Monday loom, the stakes for retailers extend far beyond enticing deals and record sales. What's more alarming is the scale of this threat.
Centralised, Scalable, Compliant: Keeping Your Data Safer with Enterprise Key Management madhav Tue, 02/18/2025 - 04:50 The rise of multi-cloud environments, hybrid infrastructures, and stricter regulatory requirements has made cryptographic key management a major priority for enterprises around the world.
The State of Data Security in 2024 However, not only individuals must protect their digital assets; organizations do, too. A host of threats continue to put enterprise data at risk. An enormous, sprawling attack surface and significantly weakened data security. The result?
According to the Thales DataThreatReport, Healthcare and Life Sciences Edition , in 2023, among healthcare and life sciences respondents, human error (76%) is the leading reported cause of cloud databreaches, well ahead of a lack of MFA, the second highest, at 11%. What is HIPAA?
New research by Thales on security trends one year into the pandemic found that about 50% of businesses say that they store more than 40% of their data in external cloud environments, but only 17% have encrypted at least half of their sensitive data in the cloud. For example, 33% of health care respondents say they encrypt their data.
Kaseya obtained a universal decryptor for REvil ransomware attack Over 80 US Municipalities Sensitive Information, Including Residents Personal Data, Left Vulnerable in Massive DataBreachThreatReport Portugal: Q2 2021 What Is An Identity and Access Management So-lution and How Can Businesses Benefit From It?
Encryption is where data, such as your address or bank account details, are scrambled using a specific code to make them illegible. We are living in an age of databreaches – our 2023 DataThreatReport shows that more than a third of organizations globally experienced a databreach in the last 12 months.
Likening this flu scenario to a databreach, 70 percent of healthcare organizations report that they’re sick and the majority are not taking proven and adequate measures to stay well. With the chance of exposure being so high, where’s the obvious flurry of activity to protect sensitive data, even as the threat landscape expands?
A new round of the weekly SecurityAffairs newsletter arrived! Every week the best security articles from Security Affairs free for you in your email box. Every week the best security articles from Security Affairs free for you in your email box.
Unfaithful HackerOne employee steals bug reports to claim additional bounties ThreatReport Portugal: Q2 2022 CISA orders federal agencies to patch CVE-2022-26925 by July 22 Tens of Jenkins plugins are affected by zero-day vulnerabilities Microsoft: Raspberry Robin worm already infected hundreds of networks. Upgrade it now!
As reported in the UK Finance “Fraud: The Facts” 2020 report, the theft of personal and financial data through databreaches was a major contributor to fraud losses in 2019. The stolen data is used both to commit fraud directly and indirectly. Data security. DataBreach. Encryption.
The following statistics on databreaches and enterprise security provide important context to the importance of managing user access to corporate resources: The Verizon 2021 DataBreach Investigations Report found that in 61 percent of instances of databreaches, stolen credentials were involved.
And so, as the nature of business changed and boards were forced to become increasingly accountable, the idea that issues like encryption are “too technical” for the boardroom transitioned from being an acceptable excuse to a legitimate liability. This is a significant change. Next, it’s about keeping the organisation secure by design.
Virtually every major financial institution, retailer, and scores of payment processors have been the victims of databreaches, incurring both financial and reputational damage. According to the 2022 Thales DataThreatReport – Financial Services Edition , 52% of U.S. million, second only to healthcare.
Follow me on Twitter: @securityaffairs and Facebook. Pierluigi Paganini. SecurityAffairs – hacking, newsletter). The post Security Affairs newsletter Round 341 appeared first on Security Affairs.
In fact, our recent DataThreatReport found that 42 per cent of financial firms had encountered a databreach, with the rate of breaches rising by 5 per cent in a year. appeared first on Data Security Blog | Thales e-Security. The post Securing the future of payments – what does 2018 have in store?
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.
At the start of the year, Thales released the findings of its latest annual global DataThreatReport which found that, as businesses everywhere undergo a form of digital transformation, the risk of databreaches has reached an all-time high.
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.
The Retail Cyber Threat Landscape Time and again, the retail industry has found itself in the crosshairs of cybercriminals. Databreaches in the retail sector illustrate the vulnerabilities inherent to this industry, emphasizing the need for robust cybersecurity measures. Retailers: Embrace the 'Secure the Breach' mindset.
billion rubles. Nominate here: [link] Follow me on Twitter: @securityaffairs and Facebook and Mastodon Pierluigi Paganini ( SecurityAffairs – hacking, newsletter newsletter) The post Security Affairs newsletter Round 414 by Pierluigi Paganini – International edition appeared first on Security Affairs.
Ahead of the May 2018 legislation, we’ve been asking organisations if they’re #FITforGDPR – whether they’re ready to improve their personal data protections, as well as take on the increased accountability for databreaches, should they occur. As expected, responses have been mixed.
The State of Data Security in 2024 However, not only individuals must protect their digital assets; organizations do, too. A host of threats continue to put enterprise data at risk. An enormous, sprawling attack surface and significantly weakened data security. The result?
According to statistics on insider threats, these threats may originate from employees, business contractors, or other reliable partners with simple access to your network. However, insider threatreports and recent developments have shown a sharp rise in the frequency of insider attacks.
The problem of the increasing threat landscape is equally reflected in the 2022 Thales DataThreatReport. The business threat landscape is evolving rapidly, leading to an increase in the scale and complexity of risks being faced by many of our clients. A zero-trust framework is vital to any cloud migration path.
The volume of data that is classified as sensitive and may require security consideration has been increasing due to new and updated privacy regulations like PCI-DSS , GDPR , HIPAA , and FedRAMP (to list a few). Cost and complexity are two of the most cited reasons why organizations limit the volume of data they can secure.
Ransomware Attacks: The Constant and Evolving Cybersecurity Threat madhav Tue, 03/12/2024 - 13:00 Enterprise data collection is skyrocketing, driven by factors like connected devices, cloud computing, personal data collection and digital transactions. It accounts for 25% of all databreaches.
SMBs account for 90% of companies, 60 to 70% of employment, and 50% of GDP globally. According to the World Economic Forum 2023 Global Risks Report, cybercrime and cyber insecurity are among the top 10 short- and long-term global risks. This makes it much harder for hackers to break into your accounts, even if they guess your password.
According to the Thales DataThreatReport, Healthcare and Life Sciences Edition , in 2023, among healthcare and life sciences respondents, human error (76%) is the leading reported cause of cloud databreaches, well ahead of a lack of MFA, the second highest, at 11%. What is HIPAA?
Executive stakeholders are being prepared for average databreach costs, which according to IBM now reside at just over $4.24 And, if the organisation is listed on the NASDAQ, this worsens after a breach becomes public. Today they account for only 25% of the cybersecurity workforce, a 1% improvement in the last two years.
Your solution should give you full visibility over the keys and certificates in your environment, and automatically account for new ones deployed. This includes expiry dates, issuing CAs, organizational data and security configurations. Visibility. Intelligence. Do You Understand the Anatomy of a Supply Chain Attack? UTM Medium.
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! Recognize and Report Phishing According to the Thales 2024 DataThreatReport , phishing is the second fastest-growing attack.
Single Pane of Glass, Single Vendor According to the Thales 2023 DataThreatReport , 93% of organizations use four or more key management solutions (includes enterprise key manager vendors and cloud provider key managers). 99% of databreaches occur because of human error.
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! Recognize and Report Phishing According to the Thales 2024 DataThreatReport , phishing is the second fastest-growing attack.
The volume of data that is classified as sensitive and may require security consideration has been increasing due to new and updated privacy regulations like PCI-DSS, GDPR, HIPAA, and FedRAMP (to list a few). Cost and complexity are two of the most cited reasons why organizations limit the volume of data they can secure. Version 1.0
For most enterprise IT security professionals, there are some common reasons that we need to protect a given data set. Minimizing the chance of a databreach of PII. Protecting sensitive financial data, intellectual property or secrets. Implementing best practices. Or complying with a customer or supplier requirement.
With over 450 pre-configured templates, speedily understand where you have threats. Reporting and troubleshooting capabilities can be customized to meet particular needs and are exportable in multiple formats. The platform helps you determine threat exposure so you can identify and categorize risky accounts, assets, and software.
The cost of ransomware attacks accounts for 21 percent of the overall expenses, while the cost of malicious insider accounts for 15 percent. According to the 2019 DataBreach Investigations Report , 43% of all nefarious online activities impacted small businesses. What about databreaches?
Identity theft will evolve: Stolen identities will fuel new fraud schemes, like creating crypto accounts in victims names. Critical infrastructure in the crosshairs: Rising geopolitical tensions could lead to threat actors demonstrating their capabilities in response to economic or political pressures.
By leveraging cryptographic techniques and biometric authentication, passkeys offer a more robust and user-friendly alternative to traditional passwords, addressing many vulnerabilities that have long plagued our online accounts. They are convenient for personal use, enabling users to access accounts from different devices without friction.
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. However, these tools also lead to ever more realistic identity fakes that fraudulently open new accounts.
The 2024 Thales DataThreatReport, Critical Infrastructure Edition , revealed that almost 93% of CI respondents reported increased attacks. For example, the IBM 2024 Cost of a DataBreachreport indicates that stolen or compromised credentials were the most common initial vector of databreaches.
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