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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.
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. trillion, the risk of a data breach extends beyond immediate financial losses. trillion and $5.28
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 digital transformation. This article highlights the key findings of the report.
Shifting Risk and Business Environment Demand creates a Shift in Security Strategies. The 2022 Thales Data ThreatReport, based on data from a survey of almost 2,800 respondents from 17 countries across the globe, illustrates these trends and changes. Malware and accidental human error are the biggest security threats.
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.
2020 marks the launch of the Thales Data ThreatReport-Global Edition for the seventh consecutive year. This year the report focuses on the post digital transformation era. The 2020 Thales Data ThreatReport-Global Edition indicates that we have reached a tipping point. Sage advice: encrypt everything.
According to the Thales Data ThreatReport, Healthcare and Life Sciences Edition , in 2023, among healthcare and life sciences respondents, human error (76%) is the leading reported cause of cloud data breaches, well ahead of a lack of MFA, the second highest, at 11%.
“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.” Using multi-factor authentication. Using strong passwords.
What was once protected behind secure walls is now out in the wild, widening the attack surface and opening up new risks. 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. Its not just personal and corporate identities.
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.
Threat actors are getting more adept at exploiting common, everyday issues in the cloud, including misconfigurations, weak credentials, lack of authentication, unpatched vulnerabilities, and malicious open-source software (OSS) packages.
In my family, we regularly ‘unplug’ and use the opportunity to discuss cyber awareness and topics such as the risks to our family information, how we can improve personal safety, and what are we doing to prevent identify theft. Two-factor authentication requires an extra layer of information beyond simple user names and passwords.
The 2022 Thales Data ThreatReport: Retail Edition , finds that 45% of retail respondents reported that the volume, severity and/or scope of cyberattacks had increased in the previous 12 months. They should consider the following tips: 1. Data Security. Marcelo Delima | Senior Manager, Global Solutions Marketing.
Criminals use personal and financial data to impersonate customers and add apparent authenticity to a scam. Coupled with the fact that only about half of all vulnerabilities in the retail industry are getting patched within the first quarter after discovery, it is easy to understand the risks of being defraud by criminals.
Dynamic Authentication : AI-powered systems adapt authentication measures based on user behavior, making unauthorized access more difficult. This adaptability ensures that security measures evolve alongside emerging threats. This comprehensive view allows security teams to anticipate and prepare for threats more effectively.
Technology continues to improve our lives – but at the same time the risks continue to grow. 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.
Awareness of potential risks, quick recognition of suspicious behaviour, and the ability to take proactive steps are hallmarks of good digital hygiene. Despite womens natural aptitude for detecting and preventing threats, they remain underrepresented in cybersecurity, making up only 24 per cent of the global workforce.
If your business is taking an ‘encrypt everything’ approach, data discovery with risk analysis will help prioritize where to deploy data security solutions first. Understand the risks related to data. Data discovery, classification and risk analysis helps set priorities for data security implementation.
The alert detailed cyber threats which can lead to ransomware, data theft and disruption of healthcare services. However, and despite receiving notable attention, only 56% of healthcare companies have formal ransomware response plans, reports the Thales 2022 Data ThreatsReport. Transportation sector.
Below are six take-aways that encapsulate the essence of the discussion: Our 2019 Thales Data ThreatReport- Federal Edition illustrates that the federal government continues to be under attack! Federal agencies must realize that it can be difficult to narrow the risk exposure at the cost of rapid digital transformations.
Likening this flu scenario to a data breach, 70 percent of healthcare organizations report that they’re sick and the majority are not taking proven and adequate measures to stay well. In fact, there’s no way to opt out of the risk. Inoculate with Encryption and Authentication. a line that grows more ambiguous every day.
Organizations globally continue to endure staggering financial losses due to fraud, with an estimated 5% of annual revenues siphoned away by this pervasive threat. Cybercriminals and fraudsters have become innovative enough to exploit the expanding attack surface of financial institutions and turn risks into threats.
The US agency warned that this issue could expose organizations to a broad range of attacks, including data theft, financial fraud risks, disruptions of mission-critical business processes, ransomware attacks, and a halt of all operations. “On reads the ThreatReport. The flaw received a CVSSv3 score of 10.0.
The US agency warns that this issue could expose organizations to a broad range of attacks, including data theft, financial fraud risks, disruptions of mission-critical business processes, ransomware attacks, and a halt of all operations. ” reads the ThreatReport. ” reads the advisory published by CISA.
33%: Lack of multi-factor authentication (MFA) for access to key services. This complicated quilt of data security is a headache for cybersecurity professionals and a growing risk for their organizations. Cybersecurity research: large number of solutions being used. 35%: Exposed web servers and other types of server workloads.
It turns out that enterprise companies diving head-first into digital transformation technologies are leaving their organizations open to unprecedented risk. Reducing Risk and Beating the Hackers. Another session that I’m looking forward to is Sylvia Acevedo’s, Chief Executive Officer of The Girl Scouts of America, speaking slot.
Prisma Clouds’ 2021 Cloud ThreatReport and Verizon’s 2021 DBIR Report show how companies have needed to adapt and expand cloud workloads and how this has affected their cybersecurity. Not surprisingly, increasing a cloud network also significantly increases security risks.
A new Cloudflare phishing report notes that most of the 1 billion brand impersonation emails the company detected “passed” SPF, DKIM, and DMARC email authentication protocols. Implementing all three email authentication protocols takes time, but does not cost significant money.
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. Benefits of IAM Solutions. Conclusion.
Gartner defines digital risk management as “the integrated management of risks associated with digital business components, such as cloud, mobile, social, big data, third-party technology providers, OT and the IoT.” The Threat Level Is Rising. Best Practices for Digital Risk Management. Regulations.
This trend is demonstrated in the latest Thales Data ThreatReport 2021 ; 55% of the survey respondents reported that more than 40% of their data now resides in a cloud platform. However, with technology innovation comes new risks, security challenges and threats.
This dual premise and promise is reflected in our Data ThreatReport-Europe Edition – with over a third (36%) of enterprises stating they are now aggressively disrupting the markets they participate in through a digital transformation project or embedding digital capabilities that enable greater organisational agility. Blockchain.
As we navigate through 2024, the cyber threat landscape continues to evolve, bringing new challenges for both businesses and individual consumers. The latest OpenText ThreatReport provides insight into these changes, offering vital insights that help us prepare and protect ourselves against emerging threats.
The Many Ways to Defeat Multi-Factor Authentication. Countering Threat Evasion: You Cannot Stop What You Cannot See! Defending Against the Modern Threat Landscape with Zero Trust. Cloud ThreatReport: Supply Chain Attacks – The Early Bird Injects the Worm. Exploring Passwordless Authentication.
The problem of the increasing threat landscape is equally reflected in the 2022 Thales Data ThreatReport. While the majority of these advancements operate behind the scenes, protecting the organization transparently, authentication touches every member of an organization personally. Introducing Adaptive MFA.
Use hardened internal and external DNS servers by applying Domain Name System Security Extensions (DNSSEC), along with registry locking domains; looking at certificate validation; and implementing email authentication like DMARC, SPF and DKIM. Train your end users to avoid security risks.
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.
According to a recent Wall Street Journal article , boards are “getting in deeper” as risk and audit committees ask executives to spell out cybersecurity measures to address pervasive challenges with remote working. As the variety and severity of risks evolve, here are three critical questions that must be asked in the boardroom now: 1.
Multi-factor authentication : Protects stolen credentials against use by requiring more than a simple username and password combination for access to resources. Risk-based analytics: Considers the level of risk as the context for the level of permission needed to access systems, applications, and data. 40% based on CVSS scores.
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.
Such outsourcing of ICT services also requires a clear definition of responsibilities, risks and mitigation between financial entities and ICT third-party service providers. CipherTrust Manager is a Key Management System, as required by Article 9.
However, even strong and unique passwords have well-documented limitations and risks. As threat actors get savvier about targeting our access credentials, the industry is gradually moving away from passwords altogether and into a passwordless future. SMS or Voice MFA simply relies on sending the user a verification phone call or text.
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.
Fraud Awareness Week: How to Effectively Protect Your Data and Combat Fraudsters madhav Tue, 11/19/2024 - 05:28 International Fraud Awareness Week (November 17-23) is a critical time to consider the significant risks that fraud poses to individuals and organizations. million in FY23.
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