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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.
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.
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.
New research by Thales on security trends one year into the pandemic found that about 50% of businesses say that they store more than 40% of their data in external cloud environments, but only 17% have encrypted at least half of their sensitive data in the cloud. For example, 33% of health care respondents say they encrypt their data.
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.
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.
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.
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.
Data breaches are at an epidemic level with healthcare organizations experiencing the highest attack rate compared to any other industry studied according to the new Thales 2019 Data ThreatReport-Healthcare Edition. They’re counting on the fact that only 38% or less of healthcare organizations encrypt data.
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.
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 rapid shift to higher levels of digitization has meant they have much more dispersed infrastructure and data to protect.
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.
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?
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.
According to our 2018 Global Data ThreatReport , 67% of enterprises have been breached, with that percentage rate growing every year. Encryption has now become the leading solution for protecting sensitive data. It is considered a best practice to separate your encryption keys from the data.
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.
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.
According to the 2021 Thales Global ThreatReport conducted by 451 Research, 82% of organizations maintain such concerns, especially when it comes to encrypting data stored in the cloud and the. The post Cloud Complexity Rattles Enterprise Security Efforts appeared first on Security Boulevard.
The report provides information about tactics, techniques, and procedures (TTPs) of the threat actors using the Maui ransomware along with indicators of compromise (IOCs) that were obtained by government experts during incident response activities and industry analysis of a Maui sample.
I recently had the pleasure of sharing some industry insights from our 2019 Data ThreatReport-Federal Edition on Cyberwire’s Daily Podcast –specifically addressing the gap in security responsibility many federal agencies face today as they move tremendous amounts of sensitive data into multicloud environments.
According to the 2019 Thales Data ThreatReport -Global Edition, some 90 percent of 1,200 responding data security professionals worldwide report their organizations are using the cloud. Vormetric Transparent Encryption. 2] 2019 Thales Data ThreatReport. The Cloud Security Challenge. Pivotal Cloud Foundry.
Among some of the interesting key findings of the Thales 2019 Data ThreatReport-Australia/New Zealand Edition are: 95% of Australian/New Zealand organisations use sensitive data in digitally transformative technologies. Less than 36% encrypt their sensitive data.
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 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.
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. The quantum computing threat. 2021 Report. 2022 Report. 2021 Report.
In response to this need, Thales has partnered with VMware, a global leader in cloud infrastructure and business mobility, and offers our Vormetric Transparent Encryption with VMware Cloud on AWS.
Key management – the processing, management and storage of keys for who can decrypt and access protected information – is an often-overlooked, and yet critical element of encryption. This lack of centralized control can jeopardize the integrity of encryption. However, merely encrypting sensitive data in the cloud is not sufficient.
The 2020 Thales Data ThreatReport Global Edition found that no organization is immune from data security threats, with 49% of global respondents experiencing a breach at some point and 26% having been breached in the past year. Secure encryption keys. Protecting sensitive data is the key.
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.
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?
Cybercriminals and fraudsters have become innovative enough to exploit the expanding attack surface of financial institutions and turn risks into threats. Disturbingly, 35% of survey respondents report experiencing ransomware attacks, underscoring the heightened risks faced by the financial sector.
These vulnerabilities can span from limited use of data encryption to the abuse of privileged user policies. Our annual Thales Data ThreatReport-Federal Edition , released today, found that 98% of federal agencies are storing sensitive data within a digitally transformative environment. Federal Agencies.”
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.
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. Encryption What is encryption? It's about ensuring your data is handled responsibly and securely.
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.
.” In May 2021, threat actors infected the servers of the medical center in the District of Kansas. The Kansas hospital opted to pay approximately a $100,000 ransom in Bitcoin to receive a decryptor e recover the encrypted files. According to the analysis, the malware appears to be human-operated ransomware. Pierluigi Paganini.
In fact, according to our 2019 Thales Data ThreatReport-Global Edition , 71% of respondents are using sensitive data in the cloud. AWS CloudHSM customers can quickly add new encryption, FPE, tokenization, masking, key management and other crypto functions across their AWS and on-premises infrastructure using the Vormetric DSM.
If your business is taking an ‘encrypt everything’ approach, data discovery with risk analysis will help prioritize where to deploy data security solutions first. Encrypt all sensitive data. In addition, most data breach notification regulations don’t apply to compromised encrypted data. Understand the risks related to data.
According to our Global Data ThreatReport , 45 percent of respondents will store sensitive data in SaaS environments this year, including cloud storage. In doing this, though, they must ask themselves if they have the proper access controls, data management approaches, and encryption installed.
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! They typically do not provide encryption, seamless upgrades for flaws and updates, or optics.
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 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.
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