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Databreaches are the new normal. According to our 2018 Global Data Threat Report , 67% of enterprises have been breached, with that percentage rate growing every year. Today, the vast majority of enterprises (94%) are using sensitive data in cloud, bigdata, IoT or mobile environments.
With more and more organizations embracing digitaltransformation and accelerating their pace to digitize every piece of information, they become increasingly vulnerable to sophisticated cyber-attacks and databreaches. With the global spend on digitaltransformation slated to reach a whopping $2.3
A pair of malicious activities have become a stunning example of digitaltransformation – unfortunately on the darknet. Using this technique, the criminal collects your leaked credentials (usually stolen in a databreach) and then applies them to a host of other accounts, hoping they unlock more. Hackers count on it.
Around this time each year, Thales eSecurity releases our annual Data Threat Report (DTR). Now in its sixth year, the report is squarely focused on digitaltransformation and what that means for organizations and their data security. In fact, 71% of organizations are using sensitive data in the cloud.
A chilling illustration of how APIs can factor into an attack sequence comes from the massive Capital One databreach. Former Amazon programmer Paige Thompson is facing a growing list of federal charges for her alleged theft of personal data of more than 100 million Capital One patrons. Dearth of planning.
2020 marks the launch of the Thales Data Threat Report-Global Edition for the seventh consecutive year. This year the report focuses on the post digitaltransformation era. Yet, despite their significance, rates of data encryption and tokenization are low. Sage advice: encrypt everything.
As digitaltransformation 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. Lines are now blurred between physical and digital experiences. retailers experiencing a breach in the last year.
However, modernization and transformative technologies are creating new vulnerabilities resulting in databreaches. Our annual Thales Data Threat Report-Federal Edition , released today, found that 98% of federal agencies are storing sensitive data within a digitallytransformative environment.
Unsurprisingly, cyberattacks and databreaches show no signs of slowing as companies invest in technology to fuel growth, enhance customer experiences, support remote and hybrid workforces, and meet ESG goals. Digitaltransformation. Here are my predictions for 2023. Types of attacks. Sustainability.
We’re undergoing digitaltransformation , ladies and gentlemen. And we’re in a nascent phase where clever advances are blossoming even as unprecedented databreaches arise in parallel. LW: Can you frame what’s going on with identities when it comes to digitaltransformation? Hudson: Sure.
IBM’s recent databreach study shows how the cost of a databreach has risen 12% over the past five years and now costs $3.92 Changing the SIEM game To top it all off, digitaltransformation ( DX ) is making everything much more complex. million, on average.
At the same time, digitaltransformation has redoubled the complexity of company networks, catapulting us from BigData to Very BigData. Consider that 90% of the data that exists in the world was created in two years — 2017 and 2018 — and that our digital universe is on track to swell from 3.2
How can it be that marquee enterprises like Capital One, Marriott, Facebook, Yahoo, HBO, Equifax, Uber and countless others continue to lose sensitive information in massive databreaches? Here are key takeaways: Security benefits Protect the data itself. It’s not for lack of trying. a year and is on a curve to reach $133.8
One of the top findings from the 2018 Thales Data Threat Report, Financial Services Edition was that databreaches in U.S. Not only are breaches at record highs – with 65% of U.S. Looked at another way, there’s a 90% chance that most financial services organizations will have two databreaches between now and then.
Digitaltransformation has only exacerbated this security skills gap. Rising implementations of cloud services and IoT systems, not to mention the arrival of 5G, has quickened the pace of software development and multiplied data handling complexities. Just ask Capital One , Marriott or Equifax. Talk more soon.
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. Almost all (96%) of U.S.
Because 65% of all databreaches are caused by negligence, there’s no excuse for organizations not to prioritize employee happiness and engagement. Just as negligence plays a notable role in security databreaches, insider threats also cause significant damage. Insider threat protection.
The amount of data created is forecasted to grow and be spread in a wide diverse ecosystem: the cloud, on premises, in data lakes and bigdata. In addition, according to the “2020 Year End Report of DataBreach ” from QuickView, the number of records compromised in 2020 revealed a 141% increase compared to 2019.
Together, we’re engaging enterprises of all sizes in leveraging the Salt API security platform to protect the API-based applications and services enabling digitaltransformation and so much other business innovation today.
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. businesses are taking advantage of digital technologies like cloud, mobile, and IoT to digitallytransform their operations. Labelled Industry 4.0,
Any operational downtime or even worse data loss due to a databreach could significantly impact customer loyalty and their highly anticipated holiday season revenues. According to a recent study, the average cost of a retail databreach in 2024 is reported to be $3.48
Any operational downtime or even worse data loss due to a databreach could significantly impact customer loyalty and their highly anticipated holiday season revenues. According to a recent study, the average cost of a retail databreach in 2024 is reported to be $3.48
According to the 2024 Thales Data Threat Report Financial Services Edition , 39% of U.S. financial services organizations report that they have experienced a databreach in the past. It also encrypts data across multiple clouds, big-data, and container environments. What is PCI? Thales Top PCI DSS 4.0
According to the 2024 Thales Data Threat Report Financial Services Edition , 39% of U.S. financial services organizations report that they have experienced a databreach in the past. It also encrypts data across multiple clouds, big-data, and container environments. What is PCI? Thales Top PCI DSS 4.0
Gartner defines digital risk management as “the integrated management of risks associated with digital business components, such as cloud, mobile, social, bigdata, third-party technology providers, OT and the IoT.” Some smaller companies have even gone out of business as the result of a databreach.
Predicting that more enterprises will suffer a cloud databreach in 2022 is not exactly going out on a limb. Migrating IT systems and applications out of the data center to cloud computing platforms is a tenet of an effective digitaltransformation strategy.
Network Encryption Keeps Our Data in Motion Secure for Business Services madhav Tue, 07/25/2023 - 04:59 The demand for high-speed networks and fast data transfers is increasing due to cloud adoption, digitaltransformation, and hybrid work.
In the era of bigdata , companies generate and store vast amounts of information. This data takes many forms, ranging from highly confidential data to less sensitive analytics. Cloud services offer many advantages for data management, including scalability, cost efficiency, and enhanced collaboration.
It’s abundantly clear that medium to larger enterprises (the focus of the report and underlying survey) are finding it harder than ever to protect their sensitive data. The twin drivers of the problem are increased threats and the drive to digitallytransform how organizations deliver value and revenue. First – The breaches.
This year much of the emphasis within the results was on how digitaltransformation can put organizations’ sensitive data at risk. An alternative is that perhaps those investing heavily in digitaltransformation are more sophisticated, and therefore better at detecting breaches than less innovative organizations.
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. The post Securing the future of payments – what does 2018 have in store?
Advancing Trust in a Digital World. The pandemic has accelerated digitaltransformation beyond anyone’s imagination. Considering the increased cybersecurity risks introduced by digital technologies, what should society do to prevent cyber-attacks, reduce damage, and strengthen trust? Thu, 06/16/2022 - 05:26.
Question: Can you provide an overview of the 2018 Thales Data Threat Report, Federal Edition, and elaborate why it’s needed today more than ever? Our 2018 Thales Data Threat Report, Federal Edition , issued in conjunction with analyst firm 451 Research, polled U.S. Question: In a world where some 68 percent of U.S.
Within the past year, 57% of federal respondents experienced a databreach. This marks a huge jump from the 2017 report (34% of breached) and the 2016 report (18%). government agencies worldwide experienced a breach this past year. The report also reveals that the U.S. The numbers don’t lie.
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