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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.
Code-signing certificates are supposed to help authenticate the identity of software publishers, and provide cryptographic assurance that a signed piece of software has not been altered or tampered with. “Antivirus software trusts signed programs more. For some types of software, a digital signature is mandatory.”
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.
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.
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?
Criminals use personal and financial data to impersonate customers and add apparent authenticity to a scam. Strong Customer Authentication (SCA). Table 1: Strong Customer Authentication Factors. These mechanisms should allow capturing of the following information: lists of compromised or stolen authentication elements.
Health-ISAC, a nonprofit, private sector, member-driven organization, has released its annual cyber threatreport on current and emerging threat activity in the healthcare industry, in collaboration with Booz Allen Hamilton Cyber Threat Intelligence.
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. Complexity is another problem. Roll out cybersecurity training: Human error remains the weakest security link across businesses.
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.
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.
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.
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.
Experts found critical authentication bypass flaw in HPE Edgeline Infrastructure Manager UNC2529, a new sophisticated cybercrime gang that targets U.S.
North Korea-linked APT groups actively exploit JetBrains TeamCity flaw Multiple APT groups exploited WinRAR flaw CVE-2023-38831 Californian IT company DNA Micro leaks private mobile phone data Threat actors have been exploiting CVE-2023-4966 in Citrix NetScaler ADC/Gateway devices since August A flaw in Synology DiskStation Manager allows admin account (..)
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.
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.
We used the titles of the games as keywords and ran these against our KSN telemetry to determine the prevalence of malicious files and unwanted software related to these games, as well as the number of users attacked by these files. As the mobile gaming market continues to grow, we analyzed KSN data specifically on mobile 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. Securing the Cloud Native Software Supply Chain.
Cybercriminals and fraudsters have become innovative enough to exploit the expanding attack surface of financial institutions and turn risks into threats. Disturbingly, 35% of survey respondents report experiencing ransomware attacks, underscoring the heightened risks faced by the financial sector.
“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.” Updating OS and software. Using strong passwords.
The vendor reports show that most attackers want credentials, most malware development is in credential-stealing software, and the market for stolen credentials is booming: Cisco: Found 54% of organizations experienced a cybersecurity incident; and of those incidents, 54% involved phishing and 37% involved credentials stuffing.
German enterprise software maker SAP has patched three critical vulnerabilities affecting Internet Communication Manager (ICM), a core component of SAP business applications. The most important vulnerability in this report is CVE-2022-22536, one of the ICMAD vulnerabilities. CVE-2022-22536. The high score is easy to explain.
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.
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.
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.
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. Behind every system, software, and security protocol stands a human being.
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 underlying rule should be to expand modern and multi-factor authentication to all users and applications in your organization, whether those apps reside on-prem or in the cloud. Not all Authentication Methods are Created Equal. Most organizations today rely on authenticator apps and Push OTP for MFA. VPN Protection.
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.
In our 2018 Data ThreatReport-Retail Edition , we found 50% of respondents reported a data breach this past year, so it goes without saying that the holiday shopping season is a prime time for cyber criminals to target both retailers and consumers alike. Protecting Consumer Data is Priority #1. No phishing here.
Nearly half (47%) of the respondents of the 2023 Thales Data ThreatReportreported that cyberattacks are increasing in volume and severity. Intel® Trust Authority attests the authenticity of the Azure confidential computing environment before decrypting customer-sensitive workloads.
The extra vulnerability stems from a wide range of users and all the way to the software, hardware, and cloud-based components required to meet modern demands. Want to dive deeper into the current state of cybersecurity threat environment? Get the most recent Global Data ThreatReport.
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.
Dont miss the Linux Foundations deep dive into open source software security. 1 - Study: Security of open source software projects must improve Improperly secured developer accounts. Lack of a standard naming schema for software components. The persistence of legacy software. Multiple systems were insecurely configured.
Although outside the reporting period, leaked chat logs in March 2025 revealed an automated brute-forcing tool used by the ransomware group Black Basta, 2 underscoring how valuable this method is for attackers seeking initial access. This method is highly effective because it takes advantage of the credibility of known senders.
However, basic cybersecurity tools and practices, like patching , strong passwords , and multi-factor authentication (MFA), “can prevent 80 to 90% of cyberattacks,” said Anne Neuberger, deputy national security advisor for cyber and emerging technologies, during a White House press conference in Sept. Cyberattack Statistics.
Severity and confidence seriousness of the threat triggering this rule and the likelihood of a true positive. Research notes possible public links, threatreports, used as a basis for creating the rule. Priority should be given to behavior-based detection over tool-specific, software-dependent, or IoC-driven approaches.
This report aims to shed a light on more details of financial cyberthreats in 2020. This research is a continuation of our annual financial threatreports ( 2019 , 2018 and 2017 ) providing an overview of the latest trends and key events across the financial threat landscape. The new financial threat market player.
According to the Thales 2023 Data ThreatReport , an increasing number of businesses find it more challenging to comply with privacy and data protection regulations in the cloud. Although the SMB’s attack surface resembles that of large enterprises, addressing the same cyber threats requires a different, pragmatic approach.
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. Methodology.
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.
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.
More than 400,000 organizations, including 90% of Fortune 500 companies, rely on SAP's software to keep their business up and running. At the core of every SAP deployment is the SAP Internet Communication Manager (ICM), the piece of software in charge of handling all HTTP requests and responses. ICMAD Resources.
One such advancement that's revolutionizing online security and user authentication is passkeys. By leveraging cryptographic techniques and biometric authentication, passkeys offer a more robust and user-friendly alternative to traditional passwords, addressing many vulnerabilities that have long plagued our online accounts.
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