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2024 Thales Global Data Threat Report: Trends in Financial Services

Thales Cloud Protection & Licensing

2024 Thales Global Data Threat Report: Trends in Financial Services madhav Tue, 10/15/2024 - 05:17 Financial services (FinServ) firms are key players in the global economy. In the 2024 survey, FinServ organizations failed a compliance audit in the last 12 months, 80% reported at least one breach in their history.

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4 Industries That Have to Fight the Hardest Against Cyberattacks

Security Affairs

More than 83 percent of organizations responding to a recent survey reported making new or improved organizational security enhancements. The retail industry is cyclical, so certain times of the year — including the holiday season or when kids go back to school — are particularly busy. happened at retail establishments.

Retail 278
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Akamai Report: Credential stuffing attacks are a growing threat

Security Affairs

Financial and retail sectors are the most targeted by hackers using this attack technique simply because it is easy for attackers to monetize their efforts by compromising customers’ accounts. In another attack, a large financial services institution received over 350,000 login attempts in just one afternoon.

Passwords 272
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Fraud Awareness Week: How to Effectively Protect Your Data and Combat Fraudsters

Thales Cloud Protection & Licensing

According to the 2024 AFP Payments Fraud and Control Survey Report , 80% of organizations were victims of payment fraud attacks or attempts, a 15-percentage point increase from the previous year. As stated in the Nasdaq 2024 financial crime report, projected losses from fraud schemes reached $485.6 billion globally in 2023.

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Financial services continue to lead in cybersecurity preparedness, but chinks appear in the armor

Thales Cloud Protection & Licensing

Financial services continue to lead in cybersecurity preparedness, but chinks appear in the armor. It highlights the leadership of financial services in cybersecurity relative to other industries, but it also uncovers some surprising chinks in their cybersecurity armor. Thu, 09/01/2022 - 05:15.

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It’s time to think twice about retail loyalty programs

Thales Cloud Protection & Licensing

As I was starting to write this blog, yet another retail program data breach occurred, for Marriott’s Starwood loyalty program. What I’d originally planned to write about was a topic that directly applies – why retailers of all stripes are not investing in data security. But none of these reasons rose to the top in retail.

Retail 66
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Q&A: Why SOAR startup Syncurity is bringing a ‘case-management’ approach to threat detection

The Last Watchdog

Some 27 percent of IT professionals who partook in a survey conducted by next-gen firewall supplier Imperva at RSA 2018 reported receiving more than 1 million security alerts daily. In many cases the tedious, first-level correlating of SIEM logs to sift out threats has moved beyond human capability.