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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.
For many years, encryption has been viewed as a burden on businesses – expensive, complex and of questionable value. In just the past few years (and hundreds of high-profile breaches and £Trillions of economic damage later), cyber threats became impossible for the boardroom to ignore. Enter encryption. How things have changed.
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.
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. They’re counting on the fact that only 38% or less of healthcare organizations encrypt data.
At the 2019 RSA Conference, Pure Storage and Thales introduced Vormetric Transparent Encryption for Efficient Storage – the IT and security industries’ first end-to-end data encryption framework that realizes storage array data reduction. Storage Costs of Encrypted Data.
HIPAA ensures that businesses treat your personal health information with extra care, encrypting it, restricting who can access it, and ensuring systems that store it are secure and continuously tested. To compound issues, identity and encryption management complexity is a serious issue. What is HIPAA?
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.
Thales 2023 Data ThreatReport: The Increased Telco Cybersecurity Challenges in the 5G Era madhav Tue, 09/12/2023 - 05:15 Telecommunications firms have always faced a unique set of security challenges. It is also about accounting for the human factor, which can become the greatest defense or the most significant vulnerability.
It ensures your data remains encrypted, secure, and accessible only to authorised users. Encryption keys safeguard your organisations sensitive data, regulate access, and ensure the integrity of your IT systems. These frameworks require you to implement robust encryption and key management practices.
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. Encryption What is encryption? It's about ensuring your data is handled responsibly and securely.
The Kansas hospital opted to pay approximately a $100,000 ransom in Bitcoin to receive a decryptor e recover the encrypted files. In April 2022, the FBI observed an approximately $120,000 Bitcoin payment into one of the seized cryptocurrency accounts that were identified thanks to the cooperation of the Kansas hospital.
The Thales 2024 Data ThreatReport indicates that almost half of all businesses have been breached at some point in their history, making the need to strengthen retail data security more crucial than ever. Account Takeovers Imagine a burglar not just breaking into your home but changing the locks and assuming your identity.
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.
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. Then the cardholder authorises that same retailer to bill the cardholder’s stored card account. Encryption. Online skimming. Data security.
At the 2019 RSA Conference, Pure Storage and Thales introduced Vormetric Transparent Encryption for Efficient Storage – the IT and security industries’ first end-to-end data encryption framework that realizes storage array data reduction. Storage Costs of Encrypted Data.
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. Are We Sacrificing Safety for Simplicity? But at what cost?
Data Security Trends: 2024 Report Analysis madhav Mon, 03/25/2024 - 05:08 Amid ongoing economic uncertainty and a progressively complex threat landscape, businesses are trying to navigate increasingly stringent regulatory requirements while bolstering their security posture. Download the full Thales 2024 Thales Data ThreatReport now.
According to our 2021 Webroot BrightCloud ThreatReport , on average, 18.8% Antivirus software offers threat protection by securing all of your music files, photo galleries and important documents from being destroyed by malicious programs. Do I really need antivirus? In a word, yes. Benefits of antivirus.
“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.” ” reads the advisory published by CISA.
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.
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!
Cyber criminals may damage, destroy, steal, encrypt, expose, or leak data as well as cause harm to a system. The 2022 SonicWall Cyber ThreatReport found that all types of cyberattacks increased in 2021. Encryptedthreats spiked 167%, ransomware increased 105%, and 5.4 Ransomware. See the Top Rootkit Scanners.
In our 2021 Webroot BrightCloud ® ThreatReport , we found overall infection rates to be rising fastest in the healthcare, non-profit and arts/entertainment/recreation industries. In fact, the median ransom demand in 2021, according to advanced findings from our upcoming threatreport, was $70,000.
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.
Offers database encryption to protect against abuse by privileged users. 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.
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.
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. Today, using Point-to-Point Encryption (P2PE) isn't just a luxury; it's a necessity.
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
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 data breaches.
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.
Bad actors have been exploiting VMs in recent years as a way of running under the radar, making it more difficult to detect their malware while it encrypts the data they intend to hold for ransom. “The motivation behind the tactic is stealth. ” A Growing Trend.
HIPAA ensures that businesses treat your personal health information with extra care, encrypting it, restricting who can access it, and ensuring systems that store it are secure and continuously tested. To compound issues, identity and encryption management complexity is a serious issue. What is HIPAA?
This report states that 59% of organizations fail to maintain strict user account lifecycle management, leaving credentials that are no longer needed in the environment that can be compromised. It is this type of failure in credential management that bad actors leverage to gain access to accounts, and data.
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.
The directive relied heavily on the discretion of individual member states, and lacked the accountability required. What prompted the EU to act is the rapidly expanding threat landscape that places increasing pressure on enterprises to develop the capacity to effectively prepare for and manage a cyber crisis. Supply chain security.
Multi-cloud consumption raises concerns about the operational complexity of successfully managing both encryption and the corresponding keys across multiple providers, each with their own consoles and APIs,” the Thales report states. 509 certificates and other encrypted credentials) in a multi-cloud ecosystem. Visibility.
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. As with SPF, malicious senders can implement DKIM for their malicious domain and sign SPAM with their own public encryption key hosted on their own domain.
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.
The controls used are typically full disk encryption (FDE), KMIP key management of encryption for arrays or SAN systems or encryption of a tape or a VM image. For laptops and transportable physical media (like tapes), this level of encryption is a great control.
As highlighted in our 2025 Annual Cyber-ThreatReport , insecure external remote services are the most effective entry point for attackers. Administrator Account Brute-Forced via RDP: In January 2025, GreyMatter flagged a suspicious file, System Informer, installed on a customers system. MSHTA Abuse for Defense Evasion Jumps 7.8%
Single Pane of Glass, Single Vendor According to the Thales 2023 Data ThreatReport , 93% of organizations use four or more key management solutions (includes enterprise key manager vendors and cloud provider key managers). CipherTrust Manager as well as Luna Network HSM can be used as a key source.
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.
Data Security Trends: 2024 Report Analysis madhav Mon, 03/25/2024 - 05:08 Amid ongoing economic uncertainty and a progressively complex threat landscape, businesses are trying to navigate increasingly stringent regulatory requirements while bolstering their security posture. Download the full Thales 2024 Thales Data ThreatReport now.
KeyPlug is a modular backdoor with the capability of communicating to its server via several network communication protocols set in its XOR-encrypted embedded configuration block. We have been tracking this threat actor for several years and previously published an APT threatreport describing its malicious operations.
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