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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. With retail sales during 2024 set to grow to between $5.23 trillion and $5.28 trillion and $5.28
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.
Are Retailers Shopping for a Cybersecurity Breach? Retailers started the century as the prime targets for cyber attackers looking for credit card data. Today, unfortunately, retailers are again coming back to the spotlight. Human errors, malware and ransomware threats make a bad recipe. Wed, 11/23/2022 - 07:07.
Retailers and shoppers are leveraging and enjoying many benefits data sharing brings: loyalty programs, personalized experiences, easier product location and ordering, online shopping, mobile access and the list goes on. Unfortunately, this results in retailers as a top target for cyberattacks. Business is booming and data is flowing.
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.
Black Friday and Cyber Weekend: Navigating the Tumultuous Waters of Retail Cybersecurity sparsh Tue, 11/21/2023 - 05:01 As global consumers gear up for the much-anticipated shopping bonanza that is Black Friday and Cyber Weekend, retailers brace themselves for the frenzied onslaught of shoppers and the deluge of cyber threats lurking in the shadows.
As digital transformation 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. senior retail IT security managers and 96 IT security managers from retailers across the globe. Nearly 95 percent of U.S.
Holiday Shopping Readiness: How is Retail Data Security Holding Up? Retailers have been prepping for this season all year and are ready to provide a safe, secure, and seamless customer shopping experience. According to the National Retail Federation (NFR), retail sales during 2024 will grow between 2.5% trillion and $5.28
It ensures your data remains encrypted, secure, and accessible only to authorised users. Encryption keys safeguard your organisations sensitive data, regulate access, and ensure the integrity of your IT systems. These frameworks require you to implement robust encryption and key management practices.
So before the shopping frenzy begins, we thought this would be an opportune time to outline some best practices that both retailers and consumers should follow in order to protect consumer data. As convenience technologies evolve, look for more risks to consumers and retailers. Protecting Consumer Data is Priority #1. Back to basics.
Holiday Shopping Readiness: How is Retail Data Security Holding Up? Retailers have been prepping for this season all year and are ready to provide a safe, secure, and seamless customer shopping experience. According to the National Retail Federation (NFR), retail sales during 2024 will grow between 2.5% trillion and $5.28
As I was starting to write this blog, yet another retail program data breach occurred, for Marriott’s Starwood loyalty program. What I’d originally planned to write about was a topic that directly applies – why retailers of all stripes are not investing in data security. But none of these reasons rose to the top in retail.
A host of threats continue to put enterprise data at risk. In fact, according to the 2024 Thales Data ThreatReport , more than 80% of organizations reported at least one breach in the last year, while ransomware attacks grew more frequent, with 28% of organizations reported experiencing an attack in 2024, compared to 22% in 2023.
Digital transformation (DX) is fundamentally impacting all aspects of the economy across every industry, and nowhere is this truer than in retail. Overall, 76% report that they will also use sensitive data within at least one of these cloud environments. 62% reported increases in spending, which is well down from last year’s 84%.
The Verizon DBIR 2020 report indicates that financially motivated attacks against retailers have moved away from Point of Sale (POS) devices and controllers, towards web applications. Figure 1: Web application breaches in the Retail industry. There are two ways to protect customers’ PAN, encryption and tokenization.
With an estimated $500 billion retail market spend per year, what’s next for the payments industry as a whole. Consumers today live in the world of Amazon and online shopping and the need for effortless speed is ever-growing thanks to the retail giant. The answer is frictionless payments. Enter payShield 10k.
A host of threats continue to put enterprise data at risk. In fact, according to the 2024 Thales Data ThreatReport , more than 80% of organizations reported at least one breach in the last year, while ransomware attacks grew more frequent, with 28% of organizations reported experiencing an attack in 2024, compared to 22% in 2023.
Virtually every major financial institution, retailer, and scores of payment processors have been the victims of data breaches, incurring both financial and reputational damage. According to the 2022 Thales Data ThreatReport – Financial Services Edition , 52% of U.S.
The 2022 Thales Data ThreatReport, Financial Services Edition, outlines the challenges financial services organizations face securing sensitive data and provides guidance around reducing the risk of attacks such as ransomware, malware, phishing, and denial of service. Moving ahead. More About This Author >.
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.
Ransomware & Data Theft Organizations worldwide continue to feel the pain of ransomware attacks, although many ransomware gangs may be shifting to extortion over data theft instead of encrypted data. The vendor surveys report that: Cisco: Analyzed that 35% of all attacks in 2023 were ransomware.
Offers database encryption to protect against abuse by privileged users. Identity and Access Management (IAM) The 2024 Thales Data ThreatReport (DTR) Financial Services Edition revealed that only 59% of financial services organizations cite achieving security consistency across workforce and non-workforce identities.
Offers database encryption to protect against abuse by privileged users. Identity and Access Management (IAM) The 2024 Thales Data ThreatReport (DTR) Financial Services Edition revealed that only 59% of financial services organizations cite achieving security consistency across workforce and non-workforce identities.
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