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Even when banking organizations are upgrading security posture to safeguard sensitive financial information, hackers can steal the data intelligently by tying known vulnerabilities together, and making it turn out to be a potential attack. In fact, recent reports highlight that “half of all mobile banking apps are vulnerable.”
One of the top findings from the 2018 Thales DataThreatReport, Financial Services Edition was that data breaches in U.S. IT security pros in financial services organizations reporting that their organization already had a data breach – but breaches are increasing at alarming rates. banking customers.
As digital transformation takes hold, the retail industry is under siege from cyber criminals and nation states attempting to steal consumers’ personal information, credit card data and banking information. The report shows that 95 percent of U.S. The post Are Data Breaches the New Reality for Retail?
Companies and organizations, whether in the public or in the private sector, are re-establishing their business in the era of information and data revolution. Even “traditional banks” seek to drive more revenue from digital products, personalized services and experiences. Weak security practices lead to data breaches.
According to the 2024 Thales DataThreatReport Financial Services Edition , 39% of U.S. financial services organizations report that they have experienced a data breach in the past. Even more alarming, 18% reported that they experienced a ransomware attack. Thales Top PCI DSS 4.0 Thales Top PCI DSS 4.0
According to the 2024 Thales DataThreatReport Financial Services Edition , 39% of U.S. financial services organizations report that they have experienced a data breach in the past. Even more alarming, 18% reported that they experienced a ransomware attack. Thales Top PCI DSS 4.0
However, simple actions like adopting multi-factor authentication (MFA) or encrypting sensitive data everywhere should be exercised throughout the year and not just during that month. The rising reliance on cloud platforms creates an expanded attack surface for threat actors and adversarial nation-states to exploit.
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