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Protecting Retailers Against Cyber Risks on Black Friday and Cyber Monday josh.pearson@t… Tue, 11/26/2024 - 08:01 As Black Friday and Cyber Monday loom, the stakes for retailers extend far beyond enticing deals and record sales. With retail sales during 2024 set to grow to between $5.23 trillion and $5.28 trillion and $5.28
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.
Are Retailers Shopping for a Cybersecurity Breach? Retailers started the century as the prime targets for cyber attackers looking for credit card data. Today, unfortunately, retailers are again coming back to the spotlight. Human errors, malware and ransomware threats make a bad recipe. Wed, 11/23/2022 - 07:07.
Black Friday and Cyber Weekend: Navigating the Tumultuous Waters of Retail Cybersecurity sparsh Tue, 11/21/2023 - 05:01 As global consumers gear up for the much-anticipated shopping bonanza that is Black Friday and Cyber Weekend, retailers brace themselves for the frenzied onslaught of shoppers and the deluge of cyber threats lurking in the shadows.
So before the shopping frenzy begins, we thought this would be an opportune time to outline some best practices that both retailers and consumers should follow in order to protect consumer data. As convenience technologies evolve, look for more risks to consumers and retailers. Protecting Consumer Data is Priority #1. Back to basics.
Holiday Shopping Readiness: How is Retail Data Security Holding Up? Retailers have been prepping for this season all year and are ready to provide a safe, secure, and seamless customer shopping experience. According to the National Retail Federation (NFR), retail sales during 2024 will grow between 2.5% trillion and $5.28
The Retail Data Threat Environment and Why CIAM is a Key Cornerstone to Better Cybersecurity. madhav Thu, 05/11/2023 - 06:06 The retail landscape has changed significantly. Customers should be aware of the existing threats, while retailers must understand the risks associated with poor management of customer identities.
The Verizon DBIR 2020 report indicates that financially motivated attacks against retailers have moved away from Point of Sale (POS) devices and controllers, towards web applications. Figure 1: Web application breaches in the Retail industry. Strong Customer Authentication (SCA). Fraud and scams move to the web.
Holiday Shopping Readiness: How is Retail Data Security Holding Up? Retailers have been prepping for this season all year and are ready to provide a safe, secure, and seamless customer shopping experience. According to the National Retail Federation (NFR), retail sales during 2024 will grow between 2.5% trillion and $5.28
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.
We’re now seeing big data play an increasing role in how retail sales and payments are being tailored to individual consumer’s preferences, and providers are adopting and integrating smarter, more efficient ways of completing the path-to-purchase. Three-Domain Secure (3DS) 2.0
With an estimated $500 billion retail market spend per year, what’s next for the payments industry as a whole. Consumers today live in the world of Amazon and online shopping and the need for effortless speed is ever-growing thanks to the retail giant. The answer is frictionless payments. Security as Frictionless as Checkout.
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.
Multi-factor authentication : Protects stolen credentials against use by requiring more than a simple username and password combination for access to resources. Passwordless authentication : Eliminates passwords in favor of other types of authentication such as passkeys, SSO, biometrics, or email access.
The 2022 Thales Data ThreatReport, Financial Services Edition, outlines the challenges financial services organizations face securing sensitive data and provides guidance around reducing the risk of attacks such as ransomware, malware, phishing, and denial of service. Marcelo Delima | Senior Manager, Global Solutions Marketing.
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 – Financial Services Edition , 52% of U.S. The new version of the standard, PCI DSS 4.0,
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 financial threatreports ( 2018 , 2019 and 2020 ), providing an overview of the latest trends and key events across the threat landscape.
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? Why isn’t this as good as it first seems?
Security solutions integrated into operating systems, two-factor authentication and other verification measures have helped reduce the number of vulnerable users. This report shines a spotlight on the financial cyberthreat landscape in 2022. The figures showed a decrease from 405,985 in 2021 to 350,808 in 2022, marking a 14% drop.
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. Implement multi-factor authentication and single sign-on to strengthen access controls.
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. Implement multi-factor authentication and single sign-on to strengthen access controls.
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