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Defending Financial Services Against Fraud in a Shifting Cyber Landscape

Thales Cloud Protection & Licensing

Defending Financial Services 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 financial services organizations face is crucial.

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Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment

Thales Cloud Protection & Licensing

Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment. Companies and organizations, whether in the public or in the private sector, are re-establishing their business in the era of information and data revolution. Weak security practices lead to data breaches.

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Black Friday and Cyber Weekend: Navigating the Tumultuous Waters of Retail Cybersecurity

Thales Cloud Protection & Licensing

The Retail Cyber Threat Landscape Time and again, the retail industry has found itself in the crosshairs of cybercriminals. Data breaches in the retail sector illustrate the vulnerabilities inherent to this industry, emphasizing the need for robust cybersecurity measures. The benefits are twofold.

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The Clock is Ticking for PCI DSS 4.0 Compliance

Thales Cloud Protection & Licensing

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 Threat ReportFinancial Services Edition , 52% of U.S.

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Why organizations need to prioritize a PQC-readiness lab

Thales Cloud Protection & Licensing

The 2023 Thales Data Threat Report 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. Otherwise, there is a very high risk of organizational wide downtime or data breaches.

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Healthcare Organizations Need to Adapt Their Data Protection Policies to the New Threat Environment

Thales Cloud Protection & Licensing

According to the global edition of the Thales 2020 Data Threat Report , 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 financial services organizations store data in the cloud.

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The Future of Payments Security

Thales Cloud Protection & Licensing

Even when banking organizations are upgrading security posture to safeguard sensitive financial information, hackers can steal the data intelligently by tying known vulnerabilities together, and making it turn out to be a potential attack. The stolen data is used both to commit fraud directly and indirectly. Encryption.

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