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2024 Thales Global Data Threat Report: Trends in Financial Services

Thales Cloud Protection & Licensing

2024 Thales Global Data Threat Report: Trends in Financial Services madhav Tue, 10/15/2024 - 05:17 Financial services (FinServ) firms are key players in the global economy. Nearly two-thirds (64%) of FinServ said it’s more complex to secure data in the cloud than on-prem, compared to 55% of general respondents.

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How to make sure your digital transformation is secure

CyberSecurity Insiders

In our increasingly digital world, a greater proportion of businesses across different sectors are trying to integrate new technologies into their processes. Technologies such as IoT, cloud computing, edge computing, and AI have the ability to drastically improve the service and operations of any business. Untapped potential.

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It’s Time for Banks to Release the Brakes and Accelerate Their Digital Transformation

Security Boulevard

Over the past year, like many industries, the financial sector has faced a range of both challenges and opportunities, leading to a decade’s worth of digital transformation in 12 short months. We have seen particular growth in interest from banks and financial services in deploying a cloud-based Zero Trust approach.

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MY TAKE: Coping with security risks, compliance issues spun up by ‘digital transformation’

The Last Watchdog

Companies are being compelled to embrace digital transformation, or DX , if for no other reason than the fear of being left behind as competitors leverage microservices, containers and cloud infrastructure to spin-up software innovation at high velocity. A core security challenge confronts just about every company today.

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SHARED INTEL: Poll highlights the urgency to balance digital resiliency, cybersecurity

The Last Watchdog

The pace and extent of digital transformation that global enterprise organizations have undergone cannot be overstated. Organizations, such as financial services or government, deal with sensitive information and prefer a private cloud model with greater control over the security of applications, users, and data.

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Inside BNP Paribas’ Digital Banking Innovation: Cloud, Data, AI

Security Boulevard

But today, the rise of online banking, digital applications, and challenger banks has caused significant disruption across financial services. The COVID-19 crisis has put pressure on banks to improve their digital offerings as lockdowns have forced customers to turn to online banking rather than physical, in-store experiences.

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Turning Aspiration into Action to Protect Financial Institutions

Thales Cloud Protection & Licensing

Data security professionals also make ambitious plans, but implementation rates are too low – a key finding in the 2019 Thales Data Threat Report-Financial Services Edition. Here’s a look at four common issues highlighted in the 2019 Thales Data Threat Report-Financial Services Edition and tips for overcoming them.