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Databreaches are the new normal. According to our 2018 Global DataThreatReport , 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.
This morning we announced, in tandem with our partner 451 Research, the Global Edition of the 2018 Thales DataThreatReport. 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. First – The breaches.
Around this time each year, Thales eSecurity releases our annual DataThreatReport (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.
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
2020 marks the launch of the Thales DataThreatReport-Global Edition for the seventh consecutive year. This year the report focuses on the post digitaltransformation era. The 2020 Thales DataThreatReport-Global Edition indicates that we have reached a tipping point.
Thales 2023 DataThreatReport: 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. This article highlights the key findings of the report.
The traditional focus on security has been on breach prevention and threat detection but these can only go so far. For organisations going through digitaltransformation there needs to be a layered approach to security – complimenting these traditional strategies with data protection.In
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 DataThreatReport-Federal Edition , released today, found that 98% of federal agencies are storing sensitive data within a digitallytransformative environment.
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.
In recent years, we’ve seen a sharp rise in reporting and analysis of databreaches – arguably both a stimulant and a symptom of cyber-security taking its place on the board agenda. And while the rise in reporting is positive, it highlights the chasm between recognition of the problem and application of sufficient solutions.
Key Takeaways from the Thales DataThreatReport: EME Edition madhav Tue, 09/24/2024 - 05:23 Organizations in the Europe and Middle East (EME) region face significant challenges. The threat landscape is increasingly complex, regulatory requirements are becoming more stringent, and the economic environment remains uncertain.
2024 Thales Global DataThreatReport: Trends in Financial Services madhav Tue, 10/15/2024 - 05:17 Financial services (FinServ) firms are key players in the global economy. Among these businesses, human error was cited as the leading cause of cloud-based databreaches at 41% (10 points higher than the global number).
Key Takeaways from the Thales DataThreatReport: EME Edition madhav Tue, 09/24/2024 - 05:23 Organizations in the Europe and Middle East (EME) region face significant challenges. The threat landscape is increasingly complex, regulatory requirements are becoming more stringent, and the economic environment remains uncertain.
As the retail industry follows suit with today’s digitaltransformation, customer expectations are at an all-time high. Our recent DataThreatReport, Retail Edition showed that 52 percent of U.S. However, there is no question that a databreach results in a poor customer experience and a tarnished brand.
According to the 2019 Thales DataThreatReport – Retail Edition , nearly two thirds (62%) of U.S. retailers reported experiencing databreaches, with more than a third (37%) occurring in the past year. Unfortunately, this results in retailers as a top target for cyberattacks. 10 at 2:00 pm ET.
A few weeks ago, we issued the Global Edition of our 2019 Thales DataThreatReport, now in its seventh year. This year much of the emphasis within the results was on how digitaltransformation can put organizations’ sensitive data at risk. Let’s talk about breach rates first. The data bears this out.
One of the top findings from the 2018 Thales DataThreatReport, Financial Services Edition was that databreaches in U.S. Not only are breaches at record highs – with 65% of U.S. Two other key drivers are digitaltransformation and poor investments in IT security tools needed to protect data.
Competition and strong demand for digitallytransformative technologies thrusts IT and data security professionals into a race to meet the demands of today ? a battle that draws attention (and investment) away from the long-term war to protect mission-critical and personally identifiable data. Insider threats are real.
It is also popular because a successful phishing attempt can give malefactors a foothold on business networks, leading to databreaches and financial losses. Thales’ Global DataThreatReport 2024 revealed that human error remains the leading cause of databreaches, with 31% of enterprises identifying this as the root cause.
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.
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. This should serve as a wake-up call.
Healthcare Organizations Need to Adapt Their Data Protection Policies to the New Threat Environment. While the pandemic accelerated their digitaltransformation initiatives, it also expanded their threat surface and opened up opportunities for cybercriminals. COVID-19 accelerates healthcare digitalization.
The problem of the increasing threat landscape is equally reflected in the 2022 Thales DataThreatReport. As more companies move along the path toward digitaltransformation, the need for better security has never been more evident. A zero-trust framework is vital to any cloud migration path.
The Data Security Challenge Thales recently released the 2024 Thales DataThreatReport – Financial Services Edition which highlights the latest data security challenges and threats to financial services organizations. Human error was the leading cause of cloud-based databreaches.
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,
The Retail Cyber Threat Landscape Time and again, the retail industry has found itself in the crosshairs of cybercriminals. Databreaches in the retail sector illustrate the vulnerabilities inherent to this industry, emphasizing the need for robust cybersecurity measures. Retailers: Embrace the 'Secure the Breach' mindset.
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
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.
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?
The Data Security Challenge Thales recently released the 2024 Thales DataThreatReport – Financial Services Edition which highlights the latest data security challenges and threats to financial services organizations. Human error was the leading cause of cloud-based databreaches.
At the start of the year, Thales released the findings of its latest annual global DataThreatReport which found that, as businesses everywhere undergo a form of digitaltransformation, the risk of databreaches has reached an all-time high.
The State of Data Security in 2024 However, not only individuals must protect their digital assets; organizations do, too. A host of threats continue to put enterprise data at risk. It's crucial to recognize that databreaches have enormous impacts on individuals, businesses, and society.
The State of Data Security in 2024 However, not only individuals must protect their digital assets; organizations do, too. A host of threats continue to put enterprise data at risk. It's crucial to recognize that databreaches have enormous impacts on individuals, businesses, and society.
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
Thales surveyed 367 CI businesses from 18 countries around the world to understand the trends, threats and the progress made in the cybersecurity domain. What Are the Key Report Findings? 15% of the CI organizations have experienced a breach in the last 12 months, with ransomware being the biggest threat.
Identity Management Day 2022 , sponsored by Identity Defined Security Alliance and National Cybersecurity Alliance, is a reminder to make identity management and digital identity security a priority. The IBM 2021 Cost of DataBreachreport also indicates that 61% of all breaches were a result of stolen credentials.
Executive stakeholders are being prepared for average databreach costs, which according to IBM now reside at just over $4.24 And, if the organisation is listed on the NASDAQ, this worsens after a breach becomes public. The digital skills gap comes at a cost. million per organisation. But it’s not all doom and gloom.
To highlight the discrepancy between perspectives, Forbes has reported that 87% of business leaders believed that people highly trusted their company – but when asked, only 30% of people trusted these same companies. This article is going to take a closer look at some of the biggest challenges and propose a few solutions.
So, every time you buy something, PCI DSS is working behind the scenes to keep your financial information safe from digital "break-ins." According to the 2024 Thales DataThreatReport Financial Services Edition , 39% of U.S. financial services organizations report that they have experienced a databreach in the past.
So, every time you buy something, PCI DSS is working behind the scenes to keep your financial information safe from digital "break-ins." According to the 2024 Thales DataThreatReport Financial Services Edition , 39% of U.S. financial services organizations report that they have experienced a databreach in the past.
The Upcoming Cryptography Revolution Digitaltransformation to the Cloud has added additional layers of complexity to an already complex situation. Otherwise, there is a very high risk of organizational wide downtime or databreaches.
And, as we’ve all seen, the failure to manage digital risks can have a negative impact on the reputation, operations and market value of affected enterprises. Some smaller companies have even gone out of business as the result of a databreach. The Threat Level Is Rising. having been breached at some point in the past.
It is also popular because a successful phishing attempt can give malefactors a foothold on business networks, leading to databreaches and financial losses. Thales’ Global DataThreatReport 2024 revealed that human error remains the leading cause of databreaches, with 31% of enterprises identifying this as the root cause.
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