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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.
The Role of Secrets Management in Securing FinancialServices madhav Tue, 11/05/2024 - 04:30 Secrets management is one of the top DevOps challenges. Let’s look at the role of secrets management for financialservices. Why is secrets management crucial for financialservices?
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.
Defending FinancialServices Against Fraud in a Shifting Cyber Landscape sparsh Tue, 11/14/2023 - 05:05 As we approach International Fraud Awareness Week during 12-18 November 2023, taking stock of the evolving threat landscape and the vulnerabilities that financialservices organizations face is crucial.
New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024 madhav Fri, 10/25/2024 - 06:09 The next major deadline for compliance with the updated cybersecurity rules from the New York State Department of FinancialServices (NYDFS) is November 1, 2024.
One of the top findings from the 2018 Thales Data ThreatReport, FinancialServices Edition was that data breaches in U.S. financialservices organizations are increasing at an alarming rate. Not only are breaches at record highs – with 65% of U.S. Does your organization need some of that?
The Role of Secrets Management in Securing FinancialServices madhav Tue, 11/05/2024 - 04:30 Secrets management is one of the top DevOps challenges. Let’s look at the role of secrets management for financialservices. Why is secrets management crucial for financialservices?
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.
Data security professionals also make ambitious plans, but implementation rates are too low – a key finding in the 2019 Thales Data ThreatReport-FinancialServices Edition. Here’s a look at four common issues highlighted in the 2019 Thales Data ThreatReport-FinancialServices Edition and tips for overcoming them.
New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024 madhav Fri, 10/25/2024 - 06:09 The next major deadline for compliance with the updated cybersecurity rules from the New York State Department of FinancialServices (NYDFS) is November 1, 2024.
Security & Compliance for SAP Data in FinancialServices. Financialservices companies keep some of their most valuable data in SAP applications, triggering the need for both additional security and taking steps toward meeting compliance requirements. Key Findings from 2022 Global Data ThreatReport.
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 attacker can use malware-as-a-service to deliver a trojanized application that can lurk in the background of the device and wait for the user to access sensitive corporate data stored in cloud apps and infrastructure before executing any actions.”.
. “As of January 2022, the FBI has identified at least 52 entities across 10 critical infrastructure sectors affected by RagnarLocker ransomware, including entities in the critical manufacturing, energy, financialservices, government, and information technology sectors,” reads the FBI’s flash alert.
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. For retailers, this poses a two-pronged challenge.
Cloudstar, one of the title industry’s primary cloud providers, remains compromised after a recent ransomware attack disrupted its services. The company also provides services to real estate, legal, insurance, financialservices, petrochemical and the oil and gas industries. The report revealed that over 304.7
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 – FinancialServices Edition , 52% of U.S. million, second only to healthcare.
Financialservice providers must take strict security measures to protect customer data from bad actors and other cyber threats. Meanwhile, the Thales Data ThreatReport can help you understand the cyber threatsfinancial institutions face today.
According to the 2024 Thales Data ThreatReportFinancialServices Edition , 39% of U.S. financialservices organizations report that they have experienced a data breach in the past. Even more alarming, 18% reported that they experienced a ransomware attack. million.
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.
According to the 2019 Thales Data ThreatReport-India Edition , digital transformation is well underway in India, with 41% of Indian respondents saying they are either aggressively disrupting the markets they participate in or embedding digital capabilities that enable greater organizational agility.
According to the 2024 Thales Data ThreatReportFinancialServices Edition , 39% of U.S. financialservices organizations report that they have experienced a data breach in the past. Even more alarming, 18% reported that they experienced a ransomware attack. million.
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.
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. Capital markets, insurance, financialservices, and banking are now online. Other methods.
We had some results this year from the 100+ US retail IT security professionals that were surveyed for the 2018 Thales Data ThreatReport that differed from every other segment we polled (healthcare, federal government, financialservices).
The 2023 Thales Data ThreatReport found that 62% of organizations now have at least 5 key management systems as a result of cloud implementations, making it extremely complex to update to PQC. Don’t delay – begin to get ready for PQC today.
This report shines a spotlight on the financial cyberthreat landscape in 2022. It presents a continuation of our previous annual financialthreatreports ( 2018 , 2019 , 2020 , 2021 ), which provide an overview of the latest trends across the threat landscape. In 2022, 36.3%
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? Why isn’t this as good as it first seems?
This report aims to shed a light on more details of financial cyberthreats in 2020. This research is a continuation of our annual financialthreatreports ( 2019 , 2018 and 2017 ) providing an overview of the latest trends and key events across the financialthreat landscape. Methodology.
Features 100,000 participants and contributors from 140 countries OTX Pulses for real-time looks at indicators of compromise, targeted software, and threat summaries Integrations with other tools through the DirectConnect API Built-in integration with AlienVault USM and AlienVault OSSIM Pulse Wizard for automated IoC extraction from blogs, threatreports, (..)
FinancialServices Organizations Need to Adapt their Security Practices to the Shifting Environment. At the same time, financialservices organizations need to adapt to a shifting global environment. Despite the solid regulatory environment, digitalized industries have a greater threat exposure.
Key recommendations for FinancialServices to improve cybersecurity and resilience in multi-clouds madhav Wed, 01/17/2024 - 05:46 The Digital Operational Resilience Act (DORA) will apply to the EU financial sector from 17 January 2025. As set out in its Article 2, DORA applies to the entire financialservices sector.
The numbers tell the story: The latest Identity Theft Resource Center report indicates that consumers experienced a 21-percentage-point rise in identity crime victimization between July 2023 and June 2024. This is of particular concern to financialservices, which have a mandated requirement to combat and eliminate this fraud.
Identity and Access Management (IAM) The 2024 Thales Data ThreatReport (DTR) FinancialServices Edition revealed that only 59% of financialservices organizations cite achieving security consistency across workforce and non-workforce identities. The same can become a reality for private businesses.
The numbers tell the story: The latest Identity Theft Resource Center report indicates that consumers experienced a 21-percentage-point rise in identity crime victimization between July 2023 and June 2024. This is of particular concern to financialservices, which have a mandated requirement to combat and eliminate this fraud.
According to the global edition of the Thales 2020 Data ThreatReport , 47% of healthcare organizations are either aggressively disrupting their market or are embedding digital capabilities that enable greater agility. According to the report, almost all (97%) of financialservices organizations store data in the cloud.
HelpSystems' research with FinancialServices (FS) CISOs in Q4 2020 revealed the extent of this task. Guide: The Unkown ThreatReport. Almost immediately, organizations had to offer an almost entirely digital experience. Additional Resources. Guide: Six Steps to Email Security Best Practice. Featured: .
Identity and Access Management (IAM) The 2024 Thales Data ThreatReport (DTR) FinancialServices Edition revealed that only 59% of financialservices organizations cite achieving security consistency across workforce and non-workforce identities. The same can become a reality for private businesses.
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