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2024 Thales Global Data ThreatReport: Trends in FinancialServices madhav Tue, 10/15/2024 - 05:17 Financialservices (FinServ) firms are key players in the global economy. As a result, FinServ organizations have some of the largest cybersecurity budgets and most advanced defenses.
Defending FinancialServices Against Fraud in a Shifting Cyber Landscape sparsh Tue, 11/14/2023 - 05:05 As we approach International Fraud Awareness Week during 12-18 November 2023, taking stock of the evolving threat landscape and the vulnerabilities that financialservices organizations face is crucial.
Financialservices continue to lead in cybersecurity preparedness, but chinks appear in the armor. It highlights the leadership of financialservices in cybersecurity relative to other industries, but it also uncovers some surprising chinks in their cybersecurity armor. Thu, 09/01/2022 - 05:15.
“An attacker can recreate the corporate log-in page and deliver a phishing message to the individual that prompts them to log into their account. As part of the blog, Lookout also linked to its FinancialServicesThreatReport , which was authored by Schless.
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.
. “As of January 2022, the FBI has identified at least 52 entities across 10 critical infrastructure sectors affected by RagnarLocker ransomware, including entities in the critical manufacturing, energy, financialservices, government, and information technology sectors,” reads the FBI’s flash alert.
Virtually every major financial institution, retailer, and scores of payment processors have been the victims of data breaches, incurring both financial and reputational damage. According to the 2022 Thales Data ThreatReport – FinancialServices Edition , 52% of U.S. million, second only to healthcare.
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. Online skimming.
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. For retailers, this poses a two-pronged challenge.
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 financialthreatreports ( 2018 , 2019 and 2020 ), providing an overview of the latest trends and key events across the threat landscape.
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.
BlueNoroff developed an elaborate phishing campaign that targeted startups and distributed malware for stealing all crypto in the account tied to the device. The NaiveCopy campaign, another example of an advanced threat, targeted stock and cryptocurrency investors in South Korea. Now we see that APT actors have also switched to crypto.
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 data breaches, should they occur. As expected, responses have been mixed.
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.
The 2022 SonicWall Cyber ThreatReport found that all types of cyberattacks increased in 2021. Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 billion malware attacks were identified by the report. Capital markets, insurance, financialservices, and banking are now online.
This report aims to shed a light on more details of financial cyberthreats in 2020. This research is a continuation of our annual financialthreatreports ( 2019 , 2018 and 2017 ) providing an overview of the latest trends and key events across the financialthreat landscape. Methodology.
However, for users that want to use this tool to blacklist, review indicators of compromise, or access a parsable dataset, it will be necessary to download the URLhaus API. Additionally, users can only submit their own malicious URL discoveries if they have an abuse.ch Pricing URLhaus is free for both commercial and non-commercial use.
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.
Identity and Access Management (IAM) The 2024 Thales Data ThreatReport (DTR) FinancialServices Edition revealed that only 59% of financialservices organizations cite achieving security consistency across workforce and non-workforce identities. The same can become a reality for private businesses.
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.
Identity and Access Management (IAM) The 2024 Thales Data ThreatReport (DTR) FinancialServices Edition revealed that only 59% of financialservices organizations cite achieving security consistency across workforce and non-workforce identities. The same can become a reality for private businesses.
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