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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).
Around this time each year, Thales eSecurity releases our annual DataThreatReport (DTR). Now in its sixth year, the report is squarely focused on digital transformation and what that means for organizations and their data security. The importance of encryption cannot be overstated.
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. Enter encryption.
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 digital transformation. This article highlights the key findings of the report.
New research by Thales on security trends one year into the pandemic found that about 50% of businesses say that they store more than 40% of their data in external cloud environments, but only 17% have encrypted at least half of their sensitive data in the cloud.
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.
Centralised, Scalable, Compliant: Keeping Your Data Safer with Enterprise Key Management madhav Tue, 02/18/2025 - 04:50 The rise of multi-cloud environments, hybrid infrastructures, and stricter regulatory requirements has made cryptographic key management a major priority for enterprises around the world.
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.
Databreaches are the new normal. According to our 2018 Global DataThreatReport , 67% of enterprises have been breached, with that percentage rate growing every year. As organizations move to the cloud, it is critical that they consider new security measures to protect their data.
As retailers expand their digitization, they need to continually address cybersecurity since the challenge to secure critical and confidential data will only increase. It also suggests that while retailers are increasing IT security spending this year, they admit having been breached in the last year. Data shows that 67 percent of U.S.
Likening this flu scenario to a databreach, 70 percent of healthcare organizations report that they’re sick and the majority are not taking proven and adequate measures to stay well. With the chance of exposure being so high, where’s the obvious flurry of activity to protect sensitive data, even as the threat landscape expands?
2020 marks the launch of the Thales DataThreatReport-Global Edition for the seventh consecutive year. This year the report focuses on the post digital transformation era. The 2020 Thales DataThreatReport-Global Edition indicates that we have reached a tipping point.
However, data is only valuable if its integrity is maintained which is why regulators like the Office of the Australian Information Commissioner (OAIC), the Australian Prudential Regulation Authority (APRA) and the EU released the Notifiable DataBreach (NDB) scheme, CPS 234 and GDPR respectively to ensure the protection of sensitive customer data.
At the 2019 RSA Conference, Pure Storage and Thales introduced Vormetric Transparent Encryption for Efficient Storage – the IT and security industries’ first end-to-end dataencryption framework that realizes storage array data reduction. Data Security: Low Adoption Amidst Increasing Requirements.
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.
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.
HIPAA ensures that businesses treat your personal health information with extra care, encrypting it, restricting who can access it, and ensuring systems that store it are secure and continuously tested. To compound issues, identity and encryption management complexity is a serious issue.
trillion, the risk of a databreach extends beyond immediate financial losses. Data Security Thales | Cloud Protection & Licensing Solutions More About This Author > As Black Friday and Cyber Monday loom, the stakes for retailers extend far beyond enticing deals and record sales. trillion and $5.28 trillion and $5.28
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 problem? Regulations Stoke the Flames.
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.
Key management – the processing, management and storage of keys for who can decrypt and access protected information – is an often-overlooked, and yet critical element of encryption. This lack of centralized control can jeopardize the integrity of encryption. However, merely encrypting sensitive data in the cloud is not sufficient.
Centralized Key Management to Meet the Demand for Enhanced Data Protection Introducing Thales as the Preferred Key Management Partner for HPE GreenLake Thales is proud to be recognized as the preferred Key Management Partner for HPE GreenLake.
According to the 2019 Thales DataThreatReport -Global Edition, some 90 percent of 1,200 responding data security professionals worldwide report their organizations are using the cloud. Data must be protected where it sits, in the data center, in the cloud, or at its termination point. [2].
As organizations move more of their sensitive data to cloud platforms for the efficiency, flexibility and scalability that it promises, security and control continue to be a significant obstacle to this adoption.
Careful planning and forward-thinking security is the best way to protect your most precious asset – your data – either while it is in transit or at rest. Whether the databreach is from stolen identities or human error, privacy breaches of unencrypted data can result in severe penalties under data protection regulations such as GDPR or CCPA.
With increasing databreaches and unsuspecting users more vulnerable than ever before, cybersecurity situational awareness has never been more important. Protecting sensitive data is the key. Whether it’s stored in a company’s own servers or the cloud – encryption must be used to protect sensitive data.
With more and more organizations embracing digital transformation and accelerating their pace to digitize every piece of information, they become increasingly vulnerable to sophisticated cyber-attacks and databreaches. In a nutshell, no matter it’s data-at-rest or data-in-motion , it should be encrypted regardless of its state.
It is important to understand that nowadays almost all our data – including our personal data, like banking information, medical records, and personal emails – are stored and processed in the cloud. However, with technology innovation comes new risks, security challenges and threats. Happy Data Privacy Week.
Encryption, data sovereignty, multifactor authentication and website cookies are all vital ideas and technologies to keep consumers’ personal data safe – but research released this month reveals widespread confusion. It's about ensuring your data is handled responsibly and securely. Encryption What is encryption?
The 2022 Thales DataThreatReport, based on data from a survey of almost 2,800 respondents from 17 countries across the globe, illustrates these trends and changes. Malware and accidental human error are the biggest security threats. The quantum computing threat. 2021 Report. 2022 Report.
The UK will neither confirm nor deny that its killing encryption The Verge This is not US-related, but certainly important enough to follow as it may have ramifications in the US in the form of setting precedent. Private messaging platform Signal has threatened to pull out of Sweden if these laws take effect.
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. Retailers must encrypt everything — not just payment or customer preference data.
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.
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. The stolen data is used both to commit fraud directly and indirectly. Encryption.
Unfaithful HackerOne employee steals bug reports to claim additional bounties ThreatReport Portugal: Q2 2022 CISA orders federal agencies to patch CVE-2022-26925 by July 22 Tens of Jenkins plugins are affected by zero-day vulnerabilities Microsoft: Raspberry Robin worm already infected hundreds of networks. Upgrade it now!
a battle that draws attention (and investment) away from the long-term war to protect mission-critical and personally identifiable data. Despite increases in databreaches, sufficient investment in data protection is still too low for federal agencies, setting them up to repeat mistakes of the past.
At the 2019 RSA Conference, Pure Storage and Thales introduced Vormetric Transparent Encryption for Efficient Storage – the IT and security industries’ first end-to-end dataencryption framework that realizes storage array data reduction. Data Security: Low Adoption Amidst Increasing Requirements.
The age of Big Data is upon us. And, as more data is available for analytical purposes, more sensitive and private information is at risk. Protecting the confidentiality and integrity and of warehoused data and ensuring that access is controlled is vital to keeping that data secure. respondents.”.
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. The benefits are twofold.
The following statistics on databreaches and enterprise security provide important context to the importance of managing user access to corporate resources: The Verizon 2021 DataBreach Investigations Report found that in 61 percent of instances of databreaches, stolen credentials were involved.
The purpose of the day is to raise awareness about how businesses and individuals can promote the implementation of privacy and data protection best practices. . 2020 : A n era of change for Data Protection . How businesses can ‘own their own privacy’ .
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.
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.
These technologies allow organizations to better create and manage data, as well as store critical information more efficiently. According to the Thales eSecurity 2018 Global DataThreatReport, Healthcare Edition , 95% of U.S. respondents reported using these technologies with sensitive data.
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