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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.
2020 marks the launch of the Thales Data ThreatReport-Global Edition for the seventh consecutive year. This year the report focuses on the post digitaltransformation era. The 2020 Thales Data ThreatReport-Global Edition indicates that we have reached a tipping point.
Phishing-Resistant MFA: Why FIDO is Essential madhav Thu, 05/08/2025 - 04:47 Phishing attacks are one of the most pervasive and insidious threats, with businesses facing increasingly sophisticated and convincing attacks that exploit human error.
Thales 2023 Data ThreatReport: Sovereignty, Transformation, and Global Challenges madhav Tue, 05/09/2023 - 05:30 Despite the economic and geopolitical instability in 2022, enterprises continued to invest in their operations and digitaltransformation. This article highlights the key findings of the report.
However, in an attempt to be “better” many organizations have leaned heavily on emerging technologies such as cloud, blockchain and IoT – aka digitaltransformation. However, as digitaltransformation proves “better” for many aspects, it isn’t proving to be better for security.
The Data Security Challenge Thales recently released the 2024 Thales Data ThreatReport – Financial Services Edition which highlights the latest data security challenges and threats to financial services organizations.
Digitaltransformation is driving IT modernization, IoT, and cloud migrations at a record pace in the federal government. The ability to narrow the gap between taking advantage of digitaltransformation without compromising security was a reoccurring theme at our 2019 annual Data Security Summit on May 1. are discovered.
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. Encryption is critical to data security, rendering stolen data unreadable and unusable to unauthorized parties.
In responding to ever-evolving threats and opportunities, enterprises today must embrace constant motion – a continuous cycle of responding to change and keeping one eye on what’s to come. This underpins the digitaltransformation imperative most of them face today, and the huge responsibility that rests on the shoulders of the CIO.
At the same time, AI agents who handle tasks from data processing to decision-making also require identities that must be registered, authenticated, and authorized. Organizations are quickly embracing technologies like passwordless logins and biometric authentication, making it simpler than ever to access accounts. But at what cost?
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. They can also automate sending these messages to reach a wider audience of targets and increase their payout. but ahead of the curve.
The problem of the increasing threat landscape is equally reflected in the 2022 Thales Data ThreatReport. As more companies move along the path toward digitaltransformation, the need for better security has never been more evident. A zero-trust framework is vital to any cloud migration path.
Healthcare’s IT evolution has brought numerous security challenges including regulations, the use of digitallytransformative technologies that have created huge amounts of data to store and protect, and the extraordinary value of electronic personal health information (ePHI) to cybercriminals.
Data security professionals also make ambitious plans, but implementation rates are too low – a key finding in the 2019 Thales Data ThreatReport-Financial Services Edition. Here’s a look at four common issues highlighted in the 2019 Thales Data ThreatReport-Financial Services Edition and tips for overcoming them.
Phishing-Resistant MFA: Why FIDO is Essential madhav Thu, 05/08/2025 - 04:47 Phishing attacks are one of the most pervasive and insidious threats, with businesses facing increasingly sophisticated and convincing attacks that exploit human error.
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 digitaltransformation, 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.
Secure the digitaltransformation of the payments industry across various applications and environments. Implement multi-factor authentication and single sign-on to strengthen access controls. Support advanced technologies such as host card emulation, secure element provisioning, and mobile point of sale (POS) security.
When companies attempt digitaltransformations, the rush to implement new technology sometimes overshadows full consideration of risk. For example, in our annual Data ThreatReport we found that 97% of respondents are storing sensitive data in digitallytransformative environments, but only 30% are deploying encryption.
The Data Security Challenge Thales recently released the 2024 Thales Data ThreatReport – Financial Services Edition which highlights the latest data security challenges and threats to financial services organizations.
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. However, the security of data in the cloud is a growing challenge.
Nearly half (47%) of the respondents of the 2023 Thales Data ThreatReportreported that cyberattacks are increasing in volume and severity. Meanwhile, organizations continue to invest in digitaltransformation by utilizing the efficiencies and elasticity offered by cloud service providers.
As threat actors get savvier about targeting our access credentials, the industry is gradually moving away from passwords altogether and into a passwordless future. This means switching wholesale to other forms of authentication, which may leverage biometric data, PINs, patterns, and passkeys in place of passwords.
This year, we’ve written about what the future holds in terms digitaltransformations and new and exciting technologies. In our recently launched 2019 Thales Data ThreatReport- Global Edition , 60% of organizations say they have been breached at some point in their history, with 30% experiencing a breach within the past year alone.
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. Encryption is critical to data security, rendering stolen data unreadable and unusable to unauthorized parties.
As threat actors get savvier about targeting our access credentials, the industry is gradually moving away from passwords altogether and into a passwordless future. This means switching wholesale to other forms of authentication, which may leverage biometric data, PINs, patterns, and passkeys in place of passwords.
This year, MarCom recognized the success of our Data ThreatReport (DTR), which achieved nearly 800 media mentions, 295 million impressions, and more than 5 million in the sales pipeline. KuppingerCole Leadership Compass Sticking with the KuppingerCole theme, Thales was recognized in three Leadership Compass reports this year.
This year, MarCom recognized the success of our Data ThreatReport (DTR), which achieved nearly 800 media mentions, 295 million impressions, and more than 5 million in the sales pipeline. KuppingerCole Leadership Compass Sticking with the KuppingerCole theme, Thales was recognized in three Leadership Compass reports this year.
As organizations adopt new security tools such as CASB and container security, both of which generate valuable detection data, and as digitaltransformation introduces even more technology, security operations will only become more complex, exacerbating these issues. With these ongoing challenges, chaos will continue in SOC operations.
As reported in the 2024 Thales Data ThreatReport , ransomware attacks are more common with 28% of survey takers experiencing an attack (up from 22% last year). As cybercriminals adopt increasingly sophisticated tactics, it is essential to invest in advanced protection measures and incident response capabilities.
And, as we’ve all seen, the failure to manage digital risks can have a negative impact on the reputation, operations and market value of affected enterprises. The Threat Level Is Rising. 6 Now, more than ever in the past, we need to authenticate devices that communicate with devices and ensure their communications channels are secure.
As reported in the 2024 Thales Data ThreatReport , ransomware attacks are more common with 28% of survey takers experiencing an attack (up from 22% last year). As cybercriminals adopt increasingly sophisticated tactics, it is essential to invest in advanced protection measures and incident response capabilities.
One such advancement that's revolutionizing online security and user authentication is passkeys. Passkeys represent a significant leap forward in creating a safer digital landscape, aligning perfectly with the mission to secure our world. Passkeys enhance multi-factor authentication (MFA), too.
Despite the expanding threat landscape, businesses and individuals are lagging in identity security controls. For example, even though multifactor authentication can block up to 99% of credential-based attacks, the level of adoption remains relatively low. Stronger authentication can effectively reduce the risk of attacks.
One such advancement that's revolutionizing online security and user authentication is passkeys. Passkeys represent a significant leap forward in creating a safer digital landscape, aligning perfectly with the mission to secure our world. Passkeys enhance multi-factor authentication (MFA), too.
Thanks to heightened consumer confidence, a rise in proximity payments adoption and ongoing developments in biometrics, the payments industry continued to undergo digitaltransformation throughout 2017. While this is in no way a new or ground-breaking revelation, a customer-centric business model will certainly be a key differentiator.
The informative booth sessions include Jason Keenaghan , Director of IAM Product Management, on ‘Self-Sovereign Identity: Gateway to Privacy-First User Experience’, a joint session with Microsoft and Sarah Lefavrais , Manager, IAM Product Marketing, on the ‘Executive Order 14028 x Phishing Resistant Authentication = True Zero Trust’.
to discuss the findings of the 2018 Thales Data ThreatReport, Federal Edition. Question: Can you provide an overview of the 2018 Thales Data ThreatReport, Federal Edition, and elaborate why it’s needed today more than ever? I think it’s worth further expanding on our cloud technology findings.
While compliance enforces behavior through rules and consequenceslike being forced to exercisetrue buy-in reflects authentic understanding and commitment. Secure digital identities: Broader adoption of services like Clear and ID.me Let me unpack what I mean. could reduce identity theft and build trust online.
2021 Data ThreatReport: How Covid Changed Everything. The 2021 Thales Data ThreatReport serves exactly this purpose – it is a crucial reflection of 2020. The pandemic forced organizations to adapt overnight to the new normal and adopt new technologies or accelerate existing digitaltransformation initiatives.
Secure the digitaltransformation of the payments industry across various applications and environments. Implement multi-factor authentication and single sign-on to strengthen access controls. Support advanced technologies such as host card emulation, secure element provisioning, and mobile point of sale (POS) security.
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