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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).
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.
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. We are living in an era where databreaches are the new normal.
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.
All these make data the new currency that organisations use to maintain competitive advantage, tailor offerings for customers, predict market trends, etc. 60% of survey respondents said that their organisation has experienced a databreach in the past. Less than 36% encrypt their sensitive data.
Thales and Palo Alto Networks collaborate to offer mid-markets the enterprise protection. Combatting Cybersecurity Threats Through Integration. According to a recent study by RSM US , nearly three-quarters of middle-market businesses will experience a cyberattack in 2022. Tue, 08/02/2022 - 05:05.
Our recent DataThreatReport, Retail Edition showed that 52 percent of U.S. retailers have suffered a databreach in the past year – and what’s more, 75 percent have had one at some point in the past. However, there is no question that a databreach results in a poor customer experience and a tarnished brand.
According to the Thales DataThreatReport, Healthcare and Life Sciences Edition , in 2023, among healthcare and life sciences respondents, human error (76%) is the leading reported cause of cloud databreaches, well ahead of a lack of MFA, the second highest, at 11%.
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 digital transformation can put organizations’ sensitive data at risk. Let’s talk about breach rates first. The data bears this out.
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While this has worked well for some, other, smaller countries and emerging markets have faced challenges as they lack the sufficient and sophisticated processes needed to execute to the same extent as larger markets. However, catering to the needs of smaller or emerging markets also has its benefits.
We are living in an age of databreaches – our 2023 DataThreatReport shows that more than a third of organizations globally experienced a databreach in the last 12 months. Encryption ensures that, if they are able to access sensitive data, it remains protected.
Most organizations express confidence in their current status and budgets, but also expect to experience at least one databreach in 2024. Compromised Credentials Compromised identities from phishing, info stealers, keyloggers, and bad password habits provide the entry point for most ransomware attacks and databreaches.
According to the 2020 Insider ThreatReport , contractors, service providers, and temporary workers pose the greatest risk to 50% of organizations. The use of masks to assist in criminal activity is of such value that face masks sell on the black market at premiums of up to 1,500%.
Follow me on Twitter: @securityaffairs and Facebook. Pierluigi Paganini. SecurityAffairs – hacking, newsletter). The post Security Affairs newsletter Round 341 appeared first on Security Affairs.
Data loss can also occur as a result of falling victim to ransomware, malware or phishing. According to the 2022 BrightCloud® ThreatReport, medium-sized organizations (21 to 100 licensed PCs) experienced malware infection rates that affected nine PCs on average last year. It could simply be a result of human error.
Jim DeLorenzo, Solutions Marketing Manager, Thales eSecurity. By now, few businesses can be unaware that there is just one month to go until the EU General Data Protection Regulation, better known as the GDPR, comes into force.
Virtually every major financial institution, retailer, and scores of payment processors have been the victims of databreaches, incurring both financial and reputational damage. According to the 2022 Thales DataThreatReport – Financial Services Edition , 52% of U.S. million, second only to healthcare.
According to the 2020 Thales DataThreatReport-Global Edition , 30% of the respondents in the financial services sector are either aggressively disrupting their market or are embedding digital capabilities that enable greater enterprise agility. Weak security practices lead to databreaches. Data security.
Jim DeLorenzo, Solutions Marketing Manager, Thales eSecurity. Ahead of the May 2018 legislation, we’ve been asking organisations if they’re #FITforGDPR – whether they’re ready to improve their personal data protections, as well as take on the increased accountability for databreaches, should they occur.
According to the global edition of the Thales 2020 DataThreatReport , 47% of healthcare organizations are either aggressively disrupting their market or are embedding digital capabilities that enable greater agility. Lack of data protection leads to failed compliance audits and eventually to databreaches.
Tina Stewart, VP of Market Strategy. “So, 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.
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
Counting Down to the EU NIS2 Directive madhav Thu, 05/23/2024 - 05:16 Our recently released 2024 DataThreatReport showed a direct correlation between compliance and cyber security outcomes. 84% of organizations that failed a compliance audit reported having a databreach in their history.
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. Even more alarming, 18% reported that they experienced a ransomware attack. What is PCI? million.
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.
Working to improve operational efficiencies and deliver a greater level of care, the now-dubbed ‘Connected Health’ market has grown to such an extent recently that it is expected to be worth more than £450 billion by 2024.
DataBreach Statistics Experiencing a databreach leads companies to many undesirable consequences—financial and reputational damages, disruption of business continuity, compliance violations, and others. The average cost of a databreach is $3.86
It also introduces new concepts, including the requirement for notifying the regulator of any cross-border personal data transfers (both before and after the transfer). The new law goes further by introducing criminal sanctions for personal databreaches.
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
Data Defense: Leveraging SaaS Security Tools madhav Tue, 06/04/2024 - 05:15 The Software-as-a-Service (SaaS) market has burgeoned in recent years, driven by its convenience, scalability, and cost-effectiveness.
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. Even more alarming, 18% reported that they experienced a ransomware attack. What is PCI?
Data Defense: Leveraging SaaS Security Tools madhav Tue, 06/04/2024 - 05:15 The Software-as-a-Service (SaaS) market has burgeoned in recent years, driven by its convenience, scalability, and cost-effectiveness.
Danna Bethlehem | Director, Product Marketing. To implement an effective identity-centric Zero Trust architecture with the goal of achieving security in a post-perimeter environment, download our Meeting NIST Guidelines for Zero Trust Security white paper. Encryption. Access Control. More About This Author >.
Almost 50% of retail respondents mentioned that retail cybercrime increased over the last year, and one-third of respondents experienced a retail databreach in the previous 12 months. Verizon DataBreach Investigation Report showed that retailers encountered 629 incidents in 2021, 241 of which with confirmed data disclosure.
Success comes when an organisation pays attention to them and to the market. 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. million per organisation.
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.
The 2023 Thales DataThreatReport found that 62% of organizations now have at least 5 key management systems as a result of cloud implementations, making it extremely complex to update to PQC. Otherwise, there is a very high risk of organizational wide downtime or databreaches.
With more than 65,000 employees in 56 countries, Thales is a global leader in technology solutions for the aerospace, transport, defence and security markets. to discuss the findings of the 2018 Thales DataThreatReport, Federal Edition. There also appears to be some confusion over how to best protect critical data.
According to the Thales DataThreatReport, Healthcare and Life Sciences Edition , in 2023, among healthcare and life sciences respondents, human error (76%) is the leading reported cause of cloud databreaches, well ahead of a lack of MFA, the second highest, at 11%.
Single Pane of Glass, Single Vendor According to the Thales 2023 DataThreatReport , 93% of organizations use four or more key management solutions (includes enterprise key manager vendors and cloud provider key managers). 99% of databreaches occur because of human error.
Besides these threats, SMBs face increasing cyber risks as they rely on digital technology and services to innovate and gain an advantage in a competitive market. According to the World Economic Forum 2023 Global Risks Report, cybercrime and cyber insecurity are among the top 10 short- and long-term global risks.
According to a recent market study 1 , 71% of individuals surveyed said double and triple extortion tactics have grown in popularity over the last 12 months, and 65% agree that these new threats make it tougher to refuse ransom demands. This brings me to the question of how organizations find the sensitive data in the first place.
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