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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.
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.
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 contracts).
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.
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.
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.
However, modernization and transformative technologies are creating new vulnerabilities resulting in data breaches. Our annual Thales Data ThreatReport-Federal Edition , released today, found that 98% of federal agencies are storing sensitive data within a digitallytransformative environment. Federal Agencies.”
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. In its 2024 DDoS Threat Landscape Report , Imperva revealed a 111% increase in the attacks it mitigated from H1 2023 to 2024. The result?
Managed security services (MSS) refer to a service model that enable the monitoring and managing of security technologies, systems, or even software-as-a-service (SaaS) products. Whether you prioritize cybersecurity or not, cybercriminals will always prioritize (their own) profit, as the attacks described in our 2021 ThreatReport prove.
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
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.
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.
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.
Also this month, security researchers at Symantec, while investigating an attempted ransomware attack, found that the attackers had used a VirtualBox VM – which is legitimate virtual machine software developed by Oracle – to help spread its malicious code. ” DigitalTransformation Increases Attack Surface.
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.
They’re at the forefront of business, replacing or upgrading legacy systems, software, and devices, which are vulnerable and often unsupported. The digital skills gap comes at a cost. trillion cumulative GDP growth.The skills gap is slowing digitaltransformation and in cybersecurity it’s increasing risks.
According to Data ThreatReport for 2018 , the majority of businesses don’t just operate in one cloud environment in a single location, but multiple. 42 percent are using 50 or more Software as a Service (Saas) applications. And not just one cloud, but organizations are investing in multiple clouds and SaaS applications.
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. In its 2024 DDoS Threat Landscape Report , Imperva revealed a 111% increase in the attacks it mitigated from H1 2023 to 2024. The result?
Recognize and Report Phishing According to the Thales 2024 Data ThreatReport , phishing is the second fastest-growing attack. The Thales 2024 Digital Trust Index indicates that 81% of customers expect brands to offer MFA, which serves as a means to greater loyalty and trust.
Nearly half (47%) of the respondents of the 2023 Thales Data ThreatReportreported that cyberattacks are increasing in volume and severity. Meanwhile, organizations continue to invest in digitaltransformation by utilizing the efficiencies and elasticity offered by cloud service providers.
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.
The IBM 2023 Cost of a Data Breach Report , for example, highlights the continuous financial burden on retailers, which, coupled with potential reputational damage, emphasizes the dire need for retailers to prioritize and bolster their cybersecurity measures. Behind every system, software, and security protocol stands a human being.
Recognize and Report Phishing According to the Thales 2024 Data ThreatReport , phishing is the second fastest-growing attack. The Thales 2024 Digital Trust Index indicates that 81% of customers expect brands to offer MFA, which serves as a means to greater loyalty and trust.
Digitaltransformation (DX) is fundamentally impacting all aspects of the economy across every industry, and nowhere is this truer than in retail. For more key findings, download the 2019 Thales Data ThreatReport- Retail Edition. The cloud is arguably the most daunting of these environments, and the most widely deployed.
As reported in the 2024 Thales Data ThreatReport , ransomware attacks are more common with 28% of survey takers experiencing an attack (up from 22% last year). As cybercriminals adopt increasingly sophisticated tactics, it is essential to invest in advanced protection measures and incident response capabilities.
This year, MarCom recognized the success of our Data ThreatReport (DTR), which achieved nearly 800 media mentions, 295 million impressions, and more than 5 million in the sales pipeline. 2024 Forrester Wave for Bot Management Software Imperva listed as a Strong Performer in the 2024 Forrester Wave for Bot Management Software.
This year, MarCom recognized the success of our Data ThreatReport (DTR), which achieved nearly 800 media mentions, 295 million impressions, and more than 5 million in the sales pipeline. 2024 Forrester Wave for Bot Management Software Imperva listed as a Strong Performer in the 2024 Forrester Wave for Bot Management Software.
As reported in the 2024 Thales Data ThreatReport , ransomware attacks are more common with 28% of survey takers experiencing an attack (up from 22% last year). As cybercriminals adopt increasingly sophisticated tactics, it is essential to invest in advanced protection measures and incident response capabilities.
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 Data ThreatReport Financial Services Edition , 39% of U.S. financial services organizations report that they have experienced a data breach in the past.
The Thales 2024 Data Security Directions Council Report: Digital Sovereignty: Is Your Data Truly Yours? madhav Tue, 11/12/2024 - 06:31 Digital sovereignty has emerged as topic of significant interest by both businesses and governments.
to discuss the findings of the 2018 Thales Data ThreatReport, Federal Edition. Question: Can you provide an overview of the 2018 Thales Data ThreatReport, Federal Edition, and elaborate why it’s needed today more than ever? Forty-eight percent used more than 100 Software-as-a-Service (SaaS) applications.
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 Data ThreatReport Financial Services Edition , 39% of U.S. financial services organizations report that they have experienced a data breach in the past.
Thales’ Global Data ThreatReport 2024 revealed that human error remains the leading cause of data breaches, with 31% of enterprises identifying this as the root cause. In 2023, the IC3 received a record number of complaints from people in the US, numbering 880,418 complaints with potential losses higher than $12.5
According to the 2023 Verizon Data Breach Investigations Report (DBIR), ransomware or extortion was involved in nearly one-third of breaches, indicating a shift among traditional ransomware actors toward new methods, including mobile-focused extortion.
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.
Thales’ Global Data ThreatReport 2024 revealed that human error remains the leading cause of data breaches, with 31% of enterprises identifying this as the root cause. In 2023, the IC3 received a record number of complaints from people in the US, numbering 880,418 complaints with potential losses higher than $12.5
2021 Data ThreatReport: How Covid Changed Everything. The 2021 Thales Data ThreatReport serves exactly this purpose – it is a crucial reflection of 2020. The pandemic forced organizations to adapt overnight to the new normal and adopt new technologies or accelerate existing digitaltransformation initiatives.
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.
Findings from the 2018 Federal Edition of the Data ThreatReport. Today, we released the results of the Federal Edition of our 2018 Data ThreatReport, which reinforces the need for federal agencies to update IT legacy systems and increase security for storing sensitive data. The report also reveals that the U.S.
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