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Today, the Chief Technology Officer (CTO) and Chief Information Security Officer (CISO) are rising in prominence—fuelled by the accelerating demands of AI innovation, cybersecurity, and digitaltransformation. That’s what this blog is all about.
trillion, the risk of a databreach extends beyond immediate financial losses. According to the latest Thales Consumer Digital Trust Index, over a quarter (26%) of consumers have abandoned a brand in the past 12 months due to privacy concerns. trillion , the risk of a databreach extends beyond immediate financial losses.
If you accidentally install the software, it searches your gallery and sends your data to nefarious parties who can wipe out your wallet or target your other accounts.
Compliance is More Than a Checkbox The Thales 2025 Data Threat Report particularly reveals the powerful correlation between regulatory compliance and breach prevention. 78% of those surveyed who failed a recent compliance audit had a history of databreaches.
Employ advanced 2FA, like security keys or biometrics, for highly sensitive accounts, such as banking, email, or company access, where databreaches have severe consequences. The Future of Authentication: Passkeys and 2FA, Together Used together, Passkeys and 2FA form a formidable defense.
How should boards approach digital risks? Boards play a crucial role in governing digitaltransformation. Guardrails: Do organisations manage/limit use of AI and GEnAI and is this policed/enforced. Licences: Are the AI models being used within legal and ethical boundaries?
Understanding the nature of data in cloud migration is crucial for successful cloud migration and handling of sensitive information. Robust Data Management and Governance Robust data management and governance are critical parts of any data protection legislation.
Understanding the nature of data in cloud migration is crucial for successful cloud migration and handling of sensitive information. Robust Data Management and Governance Robust data management and governance are critical parts of any data protection legislation.
With databreaches on the rise— over 3,200 incidents in the U.S. last year alone —businesses are increasingly under pressure to protect personal data and comply with evolving privacy regulations. Yet, many organizations remain unprepared. This means that privacy can’t be treated as an afterthought.
When properly implemented, a data-centric strategy will protect an organizations assets and data against cyberattacks, as well as guard against insider threats and human error, which remains among the leading causes of databreaches. Why does complexity factor into data security risk?
Databreaches are the new normal. According to our 2018 Global Data Threat Report , 67% of enterprises have been breached, with that percentage rate growing every year. Enterprises are shifting their focus from the perimeter to securing the actual data itself, no matter where it resides.
With more and more organizations embracing digitaltransformation and accelerating their pace to digitize every piece of information, they become increasingly vulnerable to sophisticated cyber-attacks and databreaches. With the global spend on digitaltransformation slated to reach a whopping $2.3
Around this time each year, Thales eSecurity releases our annual Data Threat Report (DTR). Now in its sixth year, the report is squarely focused on digitaltransformation and what that means for organizations and their data security. In fact, 71% of organizations are using sensitive data in the cloud.
APIs (Application Programming Interfaces) play a critical role in digitaltransformation by enabling communication and data exchange between different systems and applications. API security is essential for maintaining the trust of customers, partners, and stakeholders and ensuring the smooth functioning of digital systems.
The historic amount of coverage that databreaches have produced in 2018 has exposed executives and consumers to the importance of security, like no year before. However, in an attempt to be “better” many organizations have leaned heavily on emerging technologies such as cloud, blockchain and IoT – aka digitaltransformation.
The traditional focus on security has been on breach prevention and threat detection but these can only go so far. For organisations going through digitaltransformation there needs to be a layered approach to security – complimenting these traditional strategies with data protection.In We’d love to hear from you.
2020 marks the launch of the Thales Data Threat Report-Global Edition for the seventh consecutive year. This year the report focuses on the post digitaltransformation era. Yet, despite their significance, rates of data encryption and tokenization are low. Sage advice: encrypt everything.
As digitaltransformation 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. Lines are now blurred between physical and digital experiences. retailers experiencing a breach in the last year.
Cost of a Machine Identity DataBreach with Yahoo! Consequences from the Yahoo DataBreach. Though it’s easy to focus on the cost of a databreach, the ramifications of Yahoo!’s s breach were vast and equally as destructive. accounts and other important data were targeted, Yahoo! billion to $4.48
However, modernization and transformative technologies are creating new vulnerabilities resulting in databreaches. Our annual Thales Data Threat Report-Federal Edition , released today, found that 98% of federal agencies are storing sensitive data within a digitallytransformative environment.
Modern digitaltransformations have been fuelled by APIs, altering how many businesses and organizations run. However, the recent innovation and digitaltransformation wave have also opened up new attack surfaces for cybercriminals. In addition, the average cost of a databreach is $4.45
Whether it’s through its cybersecurity and risk management solutions or Identity capabilities, Mastercard’s innovative technologies and industry standards are creating a secure environment for seamless and trustworthy digital transactions.
This blog has been authored by Frank Dickson, Program Vice President, Cybersecurity Products Practice, and Christopher Rodriguez, Research Director, IDC Network Security. Digitaltransformation though does not wait for pristine security measures and policies to be put in place. But internal defenses are a bit more complicated.
In recent years, we’ve seen a sharp rise in reporting and analysis of databreaches – arguably both a stimulant and a symptom of cyber-security taking its place on the board agenda. The digitaltransformation conundrum. If not, what’s holding us back? Lastly, it’s key that the board does essentially become a bottleneck.
In fact, the Verizon 2021 DataBreach Investigations Report found that “with an unprecedented number of people working remotely, phishing and ransomware attacks increased by 11 percent and 6 percent respectively.” Related: How ‘SASE’ blends connectivity, security.
The Verizon 2019 DataBreach Investigations Report advises organizations to deploy multifactor authentication throughout all systems and discourage password reuse. And yet, according to Norton , databreaches for 2019 included 3,800 publicly disclosed breaches, 4.1 MFA awareness is not new to CISOs or IT teams.
As the retail industry follows suit with today’s digitaltransformation, customer expectations are at an all-time high. Our recent Data Threat Report, Retail Edition showed that 52 percent of U.S. retailers have suffered a databreach in the past year – and what’s more, 75 percent have had one at some point in the past.
Why healthcare needs better cybersecurity Healthcare organizations are especially vulnerable to databreaches because of how much data they hold. And when a breach happens, it creates financial burdens and affects regulatory compliance. On average, the cost of a healthcare databreach globally is $10.93
A pair of malicious activities have become a stunning example of digitaltransformation – unfortunately on the darknet. Using this technique, the criminal collects your leaked credentials (usually stolen in a databreach) and then applies them to a host of other accounts, hoping they unlock more. Hackers count on it.
This blog was written by an independent guest blogger. The effects of the global pandemic pushed organizations to accelerate their digitaltransformation strategies. In light of rapid digitaltransformation 8 in 10 executives are investing in IT infrastructure in order to keep up with evolving customer expectations.
According to the 2019 Thales Data Threat Report – Retail Edition , nearly two thirds (62%) of U.S. retailers reported experiencing databreaches, with more than a third (37%) occurring in the past year. 10 at 2:00 pm ET. Click here to register.
Many businesses subsequently adopted a Platform as a Service (PaaS), Infrastructure as a Service (IaaS) or SaaS model, thus positioning the cloud as the foundation for digitaltransformation. appeared first on Data Security Blog | Thales eSecurity. Challenges, Choices, Capabilities and Changes.
One of the top findings from the 2018 Thales Data Threat Report, Financial Services Edition was that databreaches in U.S. Not only are breaches at record highs – with 65% of U.S. Looked at another way, there’s a 90% chance that most financial services organizations will have two databreaches between now and then.
Retail’s great “digitaltransformation” sped up, as did the number of databreaches impacting retail. The costs that follow a databreach are trending upward year over year. Databreach costs rose from $3.86 million, according to IBM and the Ponemon Institute’s Cost of DataBreach Report 2021.
Healthcare’s IT evolution has brought numerous security challenges including regulations, the use of digitallytransformative technologies that have created huge amounts of data to store and protect, and the extraordinary value of electronic personal health information (ePHI) to cybercriminals. Nearly half (48%) of U.S.
By mid-2021, 51 percent of all organizations had reported a successful databreach, and 61 percent had paid a ransomware attacker to restore frozen data and systems. Whether accidentally or intentionally, insiders cause many databreaches. Up to 85 percent of databreaches now have a human element.
Because 65% of all databreaches are caused by negligence, there’s no excuse for organizations not to prioritize employee happiness and engagement. Just as negligence plays a notable role in security databreaches, insider threats also cause significant damage. Insider threat protection.
Competition and strong demand for digitallytransformative technologies thrusts IT and data security professionals into a race to meet the demands of today ? a battle that draws attention (and investment) away from the long-term war to protect mission-critical and personally identifiable data. Everyone is vulnerable.
Many organizations are finding themselves between a rock and a hard place when it comes to the security of their digitaltransformation strategies. On the one hand, the number of databreaches continue to increase and damages stemming from cybercrime have businesses losing more than $3.86 Let’s dive deeper.
How to Remediate Keys and Certificates After a DataBreach. By cross referencing the breach report with the remediation report, organizations can be confident that their remediation process was successful. Click below for a 30 day free trial, and kickstart your digitaltransformation today! DataBreach.
So why has it become such a hot topic, and what will their willingness – and readiness – to address the topic say about the state of enterprise data security? Databreaches are not a new phenomenon – but it’s a threat continually on the rise. This should serve as a wake-up call.
And it certainly sits uneasy when a commercial company suffers a databreach and then blames it on flaws in software that was built on other people’s efforts. As with so many security aspects of the digitaltransformation era, we truly are better together.
A recent report revealed that digitaltransformation efforts of federal agencies are putting sensitive government data — your data — at risk. Nearly 70% of respondents in the report admit they’re not encrypting the data they’re supposed to be protecting.
This blog was written by an independent guest blogger. The average cost of a databreach reached an all-time high in 2021, and the attack vector grows larger by the minute. The power of quantum computing brings security complexities that we are only beginning to understand. Even now, our cybersecurity climate is getting hotter.
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