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According to our 2018 Global Data ThreatReport , 67% of enterprises have been breached, with that percentage rate growing every year. As organizations continue to embrace digitaltransformation, greater amounts of sensitive data is created, stored and transferred in digital form putting more data at risk.
This morning we announced, in tandem with our partner 451 Research, the Global Edition of the 2018 Thales Data ThreatReport. 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. Encrypt the data.
Around this time each year, Thales eSecurity releases our annual Data ThreatReport (DTR). Now in its sixth year, the report is squarely focused on digitaltransformation and what that means for organizations and their data security. The importance of encryption cannot be overstated.
2024 Thales Global Data ThreatReport: Trends in Financial Services madhav Tue, 10/15/2024 - 05:17 Financial services (FinServ) firms are key players in the global economy. The Dangers of Emerging Technology Trends When asked about emerging concerns, quantum computing threats came up unsurprisingly.
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 data breaches. With the global spend on digitaltransformation slated to reach a whopping $2.3
2020 marks the launch of the Thales Data ThreatReport-Global Edition for the seventh consecutive year. This year the report focuses on the post digitaltransformation era. The 2020 Thales Data ThreatReport-Global Edition indicates that we have reached a tipping point.
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.
government is excelling with digitaltransformation (DX) which is critical in this time of crisis as the cloud becomes a crucial dynamic with the world working remotely. New digital capabilities are enabling data to be more fully utilized. Breach rates continue to rise and encryption is still too low. As the U.S.
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.
Digitaltransformation is changing the face of the modern data-driven enterprise. The 2019 Thales Data ThreatReport-Global Edition found that 97% of organizations surveyed are implementing digitaltransformation with 37% reporting aggressive transformation. Compliance Takes Center Stage.
Thales 2023 Data ThreatReport: 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
However, in an attempt to be “better” many organizations have leaned heavily on emerging technologies such as cloud, blockchain and IoT – aka digitaltransformation. However, as digitaltransformation proves “better” for many aspects, it isn’t proving to be better for security. Reducing Risk and Beating the Hackers.
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. The answer is three-fold: data encryption, strong access controls, and application security.
Digitaltransformation is driving IT modernization, IoT, and cloud migrations at a record pace in the federal government. The ability to narrow the gap between taking advantage of digitaltransformation without compromising security was a reoccurring theme at our 2019 annual Data Security Summit on May 1. are discovered.
According to 2024 Thales Global Data ThreatReport: Financial Services , FinServ organizations face greater security challenges in securing cloud infrastructure and focus on locking down secrets in development operations. Access control methods, encryption, and secure storage solutions are important components.
So, what are we doing about encryption?”. A spokesperson later added that this will focus on ensuring universal encryption of passport numbers. As seen in the recent Marriott breach, customers’ sensitive credit card information was encrypted, but their stored password numbers were not – posing a risk for potential identify theft.
These vulnerabilities can span from limited use of data encryption to the abuse of privileged user policies. However, modernization and transformative technologies are creating new vulnerabilities resulting in data breaches. Security measures continue to be more reactive than proactive. The Future is Multi-cloud. Federal Agencies.”
Key Takeaways from the Thales Data ThreatReport: 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 one of our recent blogs discussed, we are entering a new era of business – one that will see wholesale digitaltransformation drive a digital-first approach by businesses globally. Encryption, encryption, encryption. The financial and reputational damage could prove to be severe. The GDPR effect.
In responding to ever-evolving threats and opportunities, enterprises today must embrace constant motion – a continuous cycle of responding to change and keeping one eye on what’s to come. This underpins the digitaltransformation imperative most of them face today, and the huge responsibility that rests on the shoulders of the CIO.
Key Takeaways from the Thales Data ThreatReport: 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.
Whether you prioritize cybersecurity or not, cybercriminals will always prioritize (their own) profit, as the attacks described in our 2021 ThreatReport prove. DigitalTransformation. Tipping the scale favorably.
Digitaltransformation is changing the way we live and work, both in India and around the globe. DigitalTransformation is Well Underway. Banking, financial services, media, insurance, and e-commerce companies have the lead in transformational initiatives in India. Data Security is a Top Concern for Executives.
Competition is one of many challenges retailers face and while that’s nothing new, the data-driven approach online and brick-and-mortar merchants use today is evolving quickly with transformative technology capabilities. According to the 2019 Thales Data ThreatReport – Retail Edition , nearly two thirds (62%) of U.S.
The 1,200 data security professionals worldwide who were surveyed for the 2019 Thales Data ThreatReport-Global Edition tell us that protecting sensitive data in the cloud is becoming increasingly complex. Another best practice is to encrypt the data and tightly maintain access and control of the keys.
Virtually every major enterprise is moving to a cloud or multi-cloud environment as part of their digitaltransformation. In fact, according to our 2019 Thales Data ThreatReport-Global Edition , 71% of respondents are using sensitive data in the cloud. A shared responsibility.
Now though, businesses everywhere are undergoing various forms of digitaltransformation as they look for ways to better interact with their end customers, whether consumer or corporate. This data is not necessarily secure, however, a fact that represents the single greatest threat to an organisation’s digitaltransformation efforts.
healthcare organizations are nearly universal in the adoption of digitaltransformation technologies (cloud, SaaS applications, big data, IoT, digital payments, containers, and blockchain). This year’s Thales Data ThreatReport-Healthcare Edition shows that cloud usage in the U.S. 12 at 2:00 p.m.
Competition and strong demand for digitallytransformative technologies thrusts IT and data security professionals into a race to meet the demands of today ? Insider threats are real. In real life and in the Game of Thrones, threats are ubiquitous and constant vigilance is the only way to win. Strategic alliances ?
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. Thales eSecurity Recommendations.
Unfortunately, this year, companies are essentially “taking it to the hoop” when it comes to digitaltransformation initiatives. Our 2019 Data ThreatReport-Global Edition , revealed that 97% of survey respondents reported their organization was already underway with some level of digitaltransformation.
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 are implementing encryption in the cloud today.
Offers database encryption to protect against abuse by privileged users. Secure the digitaltransformation of the payments industry across various applications and environments. Support advanced technologies such as host card emulation, secure element provisioning, and mobile point of sale (POS) security.
A few weeks ago, we issued the Global Edition of our 2019 Thales Data ThreatReport, 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. Clearly, we aren’t there yet. The Good News.
Data security professionals also make ambitious plans, but implementation rates are too low – a key finding in the 2019 Thales Data ThreatReport-Financial Services Edition. Here’s a look at four common issues highlighted in the 2019 Thales Data ThreatReport-Financial Services Edition and tips for overcoming them.
The Thales 2024 Data ThreatReport indicates that almost half of all businesses have been breached at some point in their history, making the need to strengthen retail data security more crucial than ever. According to a recent study , the average cost of a retail data breach in 2024 will reach $3.48
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.
However, there has to be a more thorough focus on security in multiple clouds environments so encryption with sophisticated multi-cloud key management is a must-have solution. Thoroughly vet all vendors from the HVAC supplier to the network provider in order to minimize threats. How Do You Select a Trusted Vendor?
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.
The increased reliance on decentralized connection and the continued rapid expansion of digitaltransformation by enterprises, small to medium-sized businesses (SMBs) and individuals, provided cybercriminals with many opportunities to exploit and capitalize on unsuspecting businesses and individuals. Threats abound in 2021.
According to Data ThreatReport for 2018 , the majority of businesses don’t just operate in one cloud environment in a single location, but multiple. Businesses shouldn’t be afraid to adopt emerging technologies that accelerate growth and digitaltransformation. The numbers are truly revolutionary.
When companies attempt digitaltransformations, the rush to implement new technology sometimes overshadows full consideration of risk. For example, in our annual Data ThreatReport we found that 97% of respondents are storing sensitive data in digitallytransformative environments, but only 30% are deploying encryption.
businesses are taking advantage of digital technologies like cloud, mobile, and IoT to digitallytransform their operations. Even “traditional banks” seek to drive more revenue from digital products, personalized services and experiences. Encryption and tokenization rates remain low. Labelled Industry 4.0,
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