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2024 Thales Global Data ThreatReport: Trends in FinancialServices madhav Tue, 10/15/2024 - 05:17 Financialservices (FinServ) firms are key players in the global economy. As a result, FinServ organizations have some of the largest cybersecurity budgets and most advanced defenses.
Mobile device management (MDM) deployments haven’t exactly put the kibosh on threats to financialservices. In fact, even while MDM adoption rose 50%, quarterly exposure to phishing between 2019 and 2020 jumped by 125%, according to the Lookout FinancialServicesThreatReport.
Researchers on Thursday reported that despite a 50% increase in mobile device management (MDM) adoption during the past year, average quarterly exposure to phishing attacks on mobile devices in the financial sector rose by 125% – and malware and app risk exposure increased by more than five times.
Financialservices continue to lead in cybersecurity preparedness, but chinks appear in the armor. It highlights the leadership of financialservices in cybersecurity relative to other industries, but it also uncovers some surprising chinks in their cybersecurity armor. Thu, 09/01/2022 - 05:15.
This report aims to offer thorough insights into the financial cyberthreat landscape in 2021. The research in this report is a continuation of our previous annual financialthreatreports ( 2018 , 2019 and 2020 ), providing an overview of the latest trends and key events across the threat landscape.
Even though, in 2020, we have seen ever more sophisticated cyberattacks, the overall statistics look encouraging: the number of users hit by computer and mobile malware declines, so does financialphishing. This report aims to shed a light on more details of financial cyberthreats in 2020. Financialphishing.
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.
The 2022 SonicWall Cyber ThreatReport found that all types of cyberattacks increased in 2021. Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 billion malware attacks were identified by the report. CEOs who say that cybersecurity is the biggest threat to short-term growth have doubled in the past year.
According to the SonicWall Cyber ThreatReport, the global volume of ransomware is increasing by 98%. Globally, healthcare, financialservices, manufacturing and state and local governments continue to see a rise in the frequency of attacks. Phishing Targeted Attacks.
In the evolving digital commerce landscape, the threat to retail cybersecurity has never been more palpable. The Verizon 2023 Data Breach Investigations Report reveals that system intrusion, phishing, and web app attacks are the predominant patterns that enable criminals to steal personal and financial information, including credit card data.
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.
However, traditional financialthreats – such as banking malware and financialphishing, continue to take up a significant share of such financially-motivated cyberattacks. We previously reported on the Lazarus group, which developed VHD ransomware for the purpose of monetary gain.
In addition, telemedicine has generated a larger pool for potential phishing scams as well as other socially-engineered, and technically based, attacks (e.g., The degree of digitalization and the scientific efforts for the development of a COVID-19 vaccine have further increased the threat surface. ransomware). of total budget.
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