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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. Enterprises are shifting their focus from the perimeter to securing the actual data itself, no matter where it resides.
In our increasingly digital world, a greater proportion of businesses across different sectors are trying to integrate new technologies into their processes. Simply put: the more digitallytransformed an organisation becomes, the more likely it is to experience a databreach. Cybersecurity Bedrock.
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
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.
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.
For many years, encryption has been viewed as a burden on businesses – expensive, complex and of questionable value. In just the past few years (and hundreds of high-profile breaches and £Trillions of economic damage later), cyber threats became impossible for the boardroom to ignore. The digitaltransformation conundrum.
trillion, cybercrime is the world's third largest economy 1 , with 70% of organizations experiencing significant disruption to their business resulting from a breach. To learn more about how Thales OneWelcome and Badge, Inc.
HHS Office for Civil Rights Proposes Measures to Strengthen Cybersecurity in Health Care Under HIPAA madhav Thu, 01/23/2025 - 06:25 DataBreaches in Healthcare: Why Stronger Regulations Matter A databreach involving personal health information isnt just about stolen filesits a gut punch to trust and a serious shake-up to peoples lives.
What Is Encryption Key Management? Data is only good if it can be trusted. To keep data safe, it is encrypted and decrypted using encryption keys. Whoever has those keys has access to the data, so proper key management ensures that person is you, and only you. Types of Encryption Keys. Symmetric Keys.
The recent databreaches at Timehop and Macy’s are the latest harbingers of what’s in store for companies that fail to vigorously guard access to all of their mission-critical systems. Compromised accounts came into play in databreaches of Uber, Tesla, Gemalto, Aviva, Equifax and many others.
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. Sage advice: encrypt everything. Yet, despite their significance, rates of dataencryption and tokenization are low.
Many businesses subsequently adopted a Platform as a Service (PaaS), Infrastructure as a Service (IaaS) or SaaS model, thus positioning the cloud as the foundation for digitaltransformation. One issue is that cloud native encryption and key management services provide just basic data security.
Energy management and industrial automation firm Schneider Electric suffered a databreach after a Cactus ransomware attack. Schneider Electric is a multinational company that specializes in energy management, industrial automation, and digitaltransformation.
It's crucial to recognize that databreaches have enormous impacts on individuals, businesses, and society. On a broader level, databreaches can erode trust between consumers and companies, leading to societal implications such as a loss of confidence in digital services.
TLS, he says, is increasingly being used to cloak a wide array of the operational steps behind the most damaging attacks of the moment, namely ransomware attacks and massive databreaches. In short, TLS helps preserve the integrity of legitimate digital connections. Decryption bottleneck.
Encrypt "non-public" data both at rest and in motion or use effective alternative compensating controls for information at rest if approved by the CISO in writing. The feasibility of encryption and effectiveness of the compensating controls shall be reviewed by the CISO at least annually.
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.
These vulnerabilities can span from limited use of dataencryption to the abuse of privileged user policies. However, modernization and transformative technologies are creating new vulnerabilities resulting in databreaches. DataBreaches aren’t Slowing Down. The Future is Multi-cloud. The problem?
Enforce Compliance and Audit-Readiness Step one in your security journey is to demonstrate regulatory compliance via automated policies and controls—such as encryption, access controls, rights management, and anonymization. A 2024 Thales report found a high correlation between achieving regulatory compliance and minimizing databreaches.
The historic amount of coverage that databreaches have produced in 2018 has exposed executives and consumers to the importance of security, like no year before. However, in an attempt to be “better” many organizations have leaned heavily on emerging technologies such as cloud, blockchain and IoT – aka digitaltransformation.
Schneider Electric is a multinational company that specializes in energy management, industrial automation, and digitaltransformation. At the time, BleepingComputer contacted Schneider Electric which confirmed the databreach.
So, what are we doing about encryption?”. So why has it become such a hot topic, and what will their willingness – and readiness – to address the topic say about the state of enterprise data security? Databreaches are not a new phenomenon – but it’s a threat continually on the rise.
Enhanced Privacy and Confidentiality using Thales and Google Workspace Client side-encryption. In a world of digitaltransformation, cloud providers and enterprises are looking for stronger cloud security and compliance. Google Workspace Client-side encryption. Mon, 06/14/2021 - 06:59. How the solution works.
Cost of a Machine Identity DataBreach with Yahoo! Consequences from the Yahoo DataBreach. Though it’s easy to focus on the cost of a databreach, the ramifications of Yahoo!’s s breach were vast and equally as destructive. accounts and other important data were targeted, Yahoo! billion to $4.48
Due to the remote work boom and accelerated digitaltransformation projects, many of those conversations and exchanges are online. With such elevated rights, the adversary has the power to encryptdata for a ransom, exfiltrated and sell sensitive customer and employee details on the Dark Web, and halt business operations.
trillion, the risk of a databreach extends beyond immediate financial losses. According to the latest Thales Consumer Digital Trust Index, over a quarter (26%) of consumers have abandoned a brand in the past 12 months due to privacy concerns. trillion , the risk of a databreach extends beyond immediate financial losses.
APIs are the glue that keeps digitaltransformation intact and steamrolling forward. I had a very informative discussion with Himanshu Dwivedi and Doug Dooley, CEO and COO, respectively, of Silicon Valley-based application security startup Data Theorem, which is focused on helping companies come to grips with this humongous exposure.
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. Hudson: Sure.
With the right tools and expertise, businesses can navigate the murky waters of data sovereignty, taking advantage of datas huge potential while securely processing and storing data wherever it is. So, to help you along the way, here are our 15 best practices for navigating the data sovereignty water.
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? Yet in the age of Big Data and digitaltransformation many organizations still don’t do this very well. billion by 2022.
With the right tools and expertise, businesses can navigate the murky waters of data sovereignty, taking advantage of datas huge potential while securely processing and storing data wherever it is. So, to help you along the way, here are our 15 best practices for navigating the data sovereignty water.
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. Runtime vigilance.
Why healthcare needs better cybersecurity Healthcare organizations are especially vulnerable to databreaches because of how much data they hold. And when a breach happens, it creates financial burdens and affects regulatory compliance. On average, the cost of a healthcare databreach globally is $10.93
According to the 2019 Thales Data Threat Report – Retail Edition , nearly two thirds (62%) of U.S. retailers reported experiencing databreaches, with more than a third (37%) occurring in the past year. Retailers must encrypt everything — not just payment or customer preference data. Everything.
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.
The inconvenient truth is that, while most businesses have been distracted by digitaltransformation (DX), sensitive data has been left on a metaphorical windowsill, like a freshly baked apple pie. There is a common misconception that data security inhibits DX – but this couldn’t be farther from the truth.
The average cost of a databreach reached an all-time high in 2021, and the attack vector grows larger by the minute. With quantum computing looming in the not-so-distant future, the way that we think about encryption will need to evolve. With 128-bit key encryption, it could take trillions of years to find a matching key.
Thales 2023 Data Threat Report: 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 digitaltransformation.
And studies have revealed that the newly developed file-encrypting malware is using an Open-source password management library for encryption and is having capabilities of remaining anonymous, ex-filtrate data, and having abilities to give control to remote servers. The third is something astonishing to read!
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. Nearly half (48%) of U.S.
The acceleration of digitaltransformation has also left companies with less transparency and fewer relevant security insights as the implementation of multiple new services and systems led to widespread fragmentation. Encrypt all sensitive company data. Ensure all web traffic is encrypted with SSL or TLS.
HHS Office for Civil Rights Proposes Measures to Strengthen Cybersecurity in Health Care Under HIPAA madhav Thu, 01/23/2025 - 06:25 DataBreaches in Healthcare: Why Stronger Regulations Matter A databreach involving personal health information isnt just about stolen filesits a gut punch to trust and a serious shake-up to peoples lives.
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. Why do you need network encryption in business services?
Cloud Native Security for the Large Enterprise DigitalTransformation Journey: Thales collaborates with Red Hat and Oracle Cloud Infrastructure to make secure cloud-native possible madhav Thu, 11/21/2024 - 17:37 Earlier this year , Oracle and Red Hat announced that Red Hat OpenShift is certified and supported on Oracle Cloud Infrastructure (OCI).
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