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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. The Dangers of Emerging Technology Trends When asked about emerging concerns, quantum computing threats came up unsurprisingly.
Around this time each year, Thales eSecurity releases our annual Data ThreatReport (DTR). Now in its sixth year, the report is squarely focused on digital transformation and what that means for organizations and their data security. The importance of encryption cannot be overstated. Follow her on Twitter @SocialTIS.
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
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. Enter encryption. How things have changed.
Shifting Risk and Business Environment Demand creates a Shift in Security Strategies. The 2022 Thales Data ThreatReport, based on data from a survey of almost 2,800 respondents from 17 countries across the globe, illustrates these trends and changes. Malware and accidental human error are the biggest security threats.
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.
Without an effective enterprise key management (EKM) strategy, your organisation faces a higher risk of data breaches, non-compliance with regulations, and operational inefficiencies. It ensures your data remains encrypted, secure, and accessible only to authorised users.
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 digital transformation. This article highlights the key findings of the report.
2020 marks the launch of the Thales Data ThreatReport-Global Edition for the seventh consecutive year. This year the report focuses on the post digital transformation era. The 2020 Thales Data ThreatReport-Global Edition indicates that we have reached a tipping point. Sage advice: encrypt everything.
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.
HIPAA ensures that businesses treat your personal health information with extra care, encrypting it, restricting who can access it, and ensuring systems that store it are secure and continuously tested. To compound issues, identity and encryption management complexity is a serious issue. What is HIPAA?
The issue is that these tens of billions of new devices will likely amplify the inherent security risks of IoT. In fact, according to the 2019 Thales Data ThreatReport-Healthcare Edition , the healthcare industry experiences the highest rate of attack compared to any other industry studied. billion in number and generate 79.4
“Although FBI and CISA do not currently have any specific threatreporting indicating a cyberattack will occur over the upcoming Labor Day holiday, malicious cyber actors have launched serious ransomware attacks during other holidays and weekends in 2021.” ” reads the advisory published by CISA. Pierluigi Paganini.
At the 2019 RSA Conference, Pure Storage and Thales introduced Vormetric Transparent Encryption for Efficient Storage – the IT and security industries’ first end-to-end data encryption framework that realizes storage array data reduction. Storage Costs of Encrypted Data.
Navigating the Multicloud Maze: Insights from the Thales Data ThreatReport, Healthcare Edition madhav Wed, 10/25/2023 - 04:39 In the ever-evolving landscape of data security, the healthcare industry stands at a critical juncture. However, while sensitive data is on the rise, encryption practices still have room for improvement.
So, what are we doing about encryption?”. Most alarmingly for enterprises, that risk will continue to rise– because the variety and severity of security risks will evolve. A spokesperson later added that this will focus on ensuring universal encryption of passport numbers. Tina Stewart, VP of Market Strategy. “So,
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.
Likening this flu scenario to a data breach, 70 percent of healthcare organizations report that they’re sick and the majority are not taking proven and adequate measures to stay well. In fact, there’s no way to opt out of the risk. They’re counting on the fact that only 38% or less of healthcare organizations encrypt data.
Thales 2023 Data ThreatReport: The Increased Telco Cybersecurity Challenges in the 5G Era madhav Tue, 09/12/2023 - 05:15 Telecommunications firms have always faced a unique set of security challenges. The emergence of 5G network capacity presents a new opportunity for business but also introduces additional risks.
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.
Editors note: This report was authored by Kimberley Bromley, Hayden Evans, and Joseph Keyes. Today, were proud to present the ReliaQuest Annual Cyber-ThreatReport: 2025. Now in its third year, this report offers a close look at the top cyber threats our customers faced throughout 2024.
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 the 2023 Thales Data ThreatReport (DTR), 62% of global companies employ five or more key management solutions, contributing to IT complexity and operational challenges. This increased control over encryption keys is vital to data security, giving organizations more confidence in safeguarding sensitive information.
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 digital transformation, greater amounts of sensitive data is created, stored and transferred in digital form putting more data at risk.
In my family, we regularly ‘unplug’ and use the opportunity to discuss cyber awareness and topics such as the risks to our family information, how we can improve personal safety, and what are we doing to prevent identify theft. Whether it’s stored in a company’s own servers or the cloud – encryption must be used to protect sensitive data.
Data Security Trends: 2024 Report Analysis madhav Mon, 03/25/2024 - 05:08 Amid ongoing economic uncertainty and a progressively complex threat landscape, businesses are trying to navigate increasingly stringent regulatory requirements while bolstering their security posture. Download the full Thales 2024 Thales Data ThreatReport now.
Organizations globally continue to endure staggering financial losses due to fraud, with an estimated 5% of annual revenues siphoned away by this pervasive threat. Cybercriminals and fraudsters have become innovative enough to exploit the expanding attack surface of financial institutions and turn risks into threats.
If your business is taking an ‘encrypt everything’ approach, data discovery with risk analysis will help prioritize where to deploy data security solutions first. Understand the risks related to data. Encrypt all sensitive data. Consequently, securely storing these encryption keys is of utmost importance to your business.
But digital transformation also introduces the potential to put patients’ sensitive financial and healthcare data at risk by changing where and how data needs to be secured. This year’s Thales Data ThreatReport-Healthcare Edition shows that cloud usage in the U.S. But results showed that today, U.S. 12 at 2:00 p.m.
As highlighted in the 2019 Thales Data ThreatReport , an increasing number of organizations across the globe are now using sensitive data on digitally transformative technologies like cloud, virtualization, big data, IoT, blockchain, etc. The Way Forward – Choosing the Correct Approach to Data Encryption.
Below are six take-aways that encapsulate the essence of the discussion: Our 2019 Thales Data ThreatReport- Federal Edition illustrates that the federal government continues to be under attack! Federal agencies must realize that it can be difficult to narrow the risk exposure at the cost of rapid digital transformations.
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. billion in 2020.”.
And as our 2019 Thales Data ThreatReport – Europe Edition recently revealed, many of these businesses become extremely vulnerable during digital transformation, with those in Europe being no different. Encryption, encryption, encryption. The financial and reputational damage could prove to be severe.
Keep your encryption keys to increase control of data you store and process in the cloud. According to the 2020 Thales Data ThreatReport-Global Edition : Nearly all (98%) of organizations surveyed have some data in the cloud. Mon, 12/07/2020 - 08:33. Half of all data is in the cloud. What is Google Cloud’s EKM?
As more organizations are moving to the cloud, adopting a multi-cloud strategy, and storing sensitive data in AWS, Azure and GCP the risk of misconfigured leaky servers exposing Personal Identifiable Information (PII) is rising faster than ever. If they don’t, they are at risk of becoming the next headline.
Technology continues to improve our lives – but at the same time the risks continue to grow. Encryption, data sovereignty, multifactor authentication and website cookies are all vital ideas and technologies to keep consumers’ personal data safe – but research released this month reveals widespread confusion.
Coupled with the fact that only about half of all vulnerabilities in the retail industry are getting patched within the first quarter after discovery, it is easy to understand the risks of being defraud by criminals. The use of big data analytics by the banking sector can lead to enhanced fraud detection and superior risk assessment.
The 2022 Thales Data ThreatReport: Retail Edition , finds that 45% of retail respondents reported that the volume, severity and/or scope of cyberattacks had increased in the previous 12 months. They should consider the following tips: 1. Data Security. Marcelo Delima | Senior Manager, Global Solutions Marketing.
Code Generation : AI can develop security patches or encryption protocols on demand. This adaptability ensures that security measures evolve alongside emerging threats. Analyzing Threat Feeds : AI processes threat intelligence feeds from various sources to identify trends and predict potential attacks.
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.
It turns out that enterprise companies diving head-first into digital transformation technologies are leaving their organizations open to unprecedented risk. These stunning results underscore the importance of enterprise organizations to encrypt sensitive data as part of their digital transformation strategy as opposed to an afterthought.
At the 2019 RSA Conference, Pure Storage and Thales introduced Vormetric Transparent Encryption for Efficient Storage – the IT and security industries’ first end-to-end data encryption framework that realizes storage array data reduction. Storage Costs of Encrypted Data.
This dual premise and promise is reflected in our Data ThreatReport-Europe Edition – with over a third (36%) of enterprises stating they are now aggressively disrupting the markets they participate in through a digital transformation project or embedding digital capabilities that enable greater organisational agility. Blockchain.
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.
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