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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.
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. To dive deeper into the report findings, download the Thales 2024 Data ThreatReport: FinServ Edition.
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. Please visit our website to learn more about our 2019 Data ThreatReport.
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 To Sum It Up.
As in previous years, digitaltransformation remained a key theme at the event as well as discussions around artificial intelligence (AI) and IoT technologies impacting the workforce. No matter which opinion you agree with, digitaltransformation and new technologies will impact the workforce.
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.
Protecting Retailers Against Cyber Risks on Black Friday and Cyber Monday josh.pearson@t… Tue, 11/26/2024 - 08:01 As Black Friday and Cyber Monday loom, the stakes for retailers extend far beyond enticing deals and record sales. trillion, the risk of a data breach extends beyond immediate financial losses. trillion and $5.28
As false predictions of digitaltransformation fade into the past, we are hurtling into a new era of business. Upwards of 84% of enterprises are using, or planning to use, digitallytransformative technologies such as cloud, big data, containers, blockchain and the Internet of Things (IoT). Understanding the threats.
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.
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.
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 Data Security Challenge Thales recently released the 2024 Thales Data ThreatReport – Financial Services Edition which highlights the latest data security challenges and threats to financial services organizations.
As false predictions of digitaltransformation fade into the past, we are hurtling into a new era of business. Upwards of 84% of enterprises are using, or planning to use, digitallytransformative technologies such as cloud, big data, containers, blockchain and the Internet of Things (IoT). Understanding the threats.
The digitaltransformation conundrum. We are watching the Fourth Industrial Revolution unfold: a sweeping, global shift that will mean “going digital” is no longer optional. It’s no wonder we are in the midst of a mass digitaltransformation migration, which IDC predicts will account for $1.25trillion in spend this year.
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.
Whether you prioritize cybersecurity or not, cybercriminals will always prioritize (their own) profit, as the attacks described in our 2021 ThreatReport prove. It’s worth noting that there are a few: •Cybersecurity breaches may originate from the vendor, putting the host company’s information at risk. DigitalTransformation.
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.
One of the top findings from the 2018 Thales Data ThreatReport, Financial Services Edition was that data breaches in U.S. IT security pros in financial services organizations reporting that their organization already had a data breach – but breaches are increasing at alarming rates. Does your organization need some of that?
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.
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. Individuals risk identity theft, financial loss, and privacy violations.
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.
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.
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. European businesses are increasingly at risk of cyberattacks if security attitudes don’t change. Overconfidence and the skills gap.
What was once protected behind secure walls is now out in the wild, widening the attack surface and opening up new risks. Striking a middle ground between frictionless access and strong security requires continuous authentication, adaptive risk analysis, and zero-trust identity frameworks. Are We Sacrificing Safety for Simplicity?
As the retail industry follows suit with today’s digitaltransformation, customer expectations are at an all-time high. They might at first glance, but retailers are now exposing themselves to a whole host of security risks as these connected shopping technologies evolve.
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. But safe migration to the cloud requires that the process be secure, compliant and easy to implement.
However, this shopping ease and bliss also unintentionally opens up some risks that could be avoided. 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.
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. Take potential threats very seriously. Everyone is vulnerable.
Fraud Awareness Week: How to Effectively Protect Your Data and Combat Fraudsters madhav Tue, 11/19/2024 - 05:28 International Fraud Awareness Week (November 17-23) is a critical time to consider the significant risks that fraud poses to individuals and organizations. million in FY23.
Most alarmingly for enterprises, that risk will continue to rise– because the variety and severity of security risks will evolve. 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.
Gartner defines digitalrisk management as “the integrated management of risks associated with digital business components, such as cloud, mobile, social, big data, third-party technology providers, OT and the IoT.” The Threat Level Is Rising. Best Practices for DigitalRisk Management.
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. And criminals are moving online. Nearly 95 percent of U.S.
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. Almost all (96%) of U.S.
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.
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.
It’s a roller coaster of a time to lead, as CIOs, CISOs and CTOs are having to deal with more users, data, devices, technologies, connectivity, mobility, regulations, risks, and threats than they care to. Cyber risks top worldwide business concerns in 2022. The digital skills gap comes at a cost.
The problem of the increasing threat landscape is equally reflected in the 2022 Thales Data ThreatReport. 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.
Unfortunately, with every possibility a new security risk appears, and as a CISO you are well-aware of the implications. Thoroughly vet all vendors from the HVAC supplier to the network provider in order to minimize threats. and other countries coming on soon), being out of compliance becomes a huge and costly risk.
The Data Security Challenge Thales recently released the 2024 Thales Data ThreatReport – Financial Services Edition which highlights the latest data security challenges and threats to financial services organizations.
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. Increased contactless and mobile payments introduce bigger risks.
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.
According to Data ThreatReport for 2018 , the majority of businesses don’t just operate in one cloud environment in a single location, but multiple. But with widespread enterprise adoption of cloud technologies, come very real data security risks. The numbers are truly revolutionary.
At the start of the year, Thales released the findings of its latest annual global Data ThreatReport which found that, as businesses everywhere undergo a form of digitaltransformation, the risk of data breaches has reached an all-time high.
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