Thales - THLLY STOCK NEWS

Thales has launched CipherTrust Ransomware Protection, an advanced feature designed to secure files and folders against ransomware attacks. This new functionality enhances the CipherTrust Data Security Platform by providing real-time analysis of file access behaviors, enabling organizations to safeguard critical data.

With the increase in ransomware incidents, as reported by the 2023 Thales Data Threat Report, there is a pressing need for robust data protection solutions. The CTE-RWP feature allows for monitoring file systems, detecting and blocking unauthorized encryption processes, and setting trusted application lists.

Thales aims to strengthen cybersecurity measures for businesses, providing peace of mind in an era where ransomware threats are pervasive and damaging.

Thales has launched the SafeNet eToken Fusion Series, integrating Fast IDentity Online 2.0 (FIDO2) and PKI Certificate-Based Authentication in one authenticator, compatible with Microsoft Azure Active Directory. This new product aims to combat account compromises and enhance security for cloud and web application access. The eToken Fusion Series supports phishing-resistant passwordless authentication methods, helping businesses comply with emerging cybersecurity standards, including U.S. EO 14028. The tokens, available in various forms, allow users to securely access enterprise resources from any device while minimizing data breach risks.

Thales, a leader in advanced technologies, serves numerous sectors and generated sales of €17.6 billion in 2022.

The European Space Agency (ESA) conducted the third edition of CYSAT on April 26-27, 2023, in Paris, focusing on cybersecurity challenges for the space industry. Thales's offensive cybersecurity team successfully identified vulnerabilities in the OPS-SAT nanosatellite during ethical hacking exercises. This first-of-its-kind demonstration aimed to enhance the cyber resilience of space systems, ensuring the security of sensitive data and long-term space program success. The exercise involved unauthorized access simulations to critical satellite systems, highlighting the importance of robust cybersecurity in the evolving landscape of military and civilian satellite applications.

Thales has launched a new secrets management solution as part of its CipherTrust Data Security Platform, enhancing the management and protection of sensitive data in cloud and DevOps environments. Powered by the Akeyless Vault Platform, this solution secures access to vital information like credentials and API keys, streamlining processes for security and governance teams. The integration of secrets management enables customers to mitigate data breach risks and ensure compliance with standards while facilitating collaboration across teams. Thales, which generated €17.6 billion in sales in 2022, emphasizes improved security, compliance, and operational efficiency through this innovation. The company continues to focus on advancing technologies in cybersecurity and data protection.

Thales has released its 2023 Data Threat Report, revealing crucial insights on cybersecurity threats faced by organizations. The report highlights that 48% of IT professionals reported an increase in ransomware attacks, with 22% of organizations affected in the past year. Alarmingly, 51% lack a formal ransomware response plan. Misconfiguration and human error were cited as the primary cause of data breaches by 55% of respondents. Additionally, organizations are increasingly concerned about digital sovereignty and the challenges posed by quantum computing. Despite a slight decrease in the severity of ransomware impacts, budget allocations for prevention tools have risen to 61%. The report underscores the need for improved data protection strategies and better control over sensitive information as enterprises adapt to an evolving threat landscape.

Thales is joining the EuroQCI initiative to develop a quantum communication infrastructure for EU member states in three years. This effort aims to secure communications against future quantum computing threats by establishing sovereign systems for critical infrastructures. Key projects include partnerships with Delft University on quantum repeaters, Exail for quantum key distribution, and Deutsche Telekom for certification of quantum communication products. By leveraging its European quantum research facilities and a team of 100 experts, Thales plans to enhance quantum technology capabilities. With a commitment to invest €4 billion annually in R&D, Thales generated €17.6 billion in sales in 2022 and operates in 68 countries.

Thales has partnered with Brazilian healthcare provider Funcional HealthTech to implement the CipherTrust Data Security Platform, enhancing data protection for over 400 clients processing 17 million transactions annually. This collaboration aims to secure sensitive patient data across 40,000 pharmacies in Brazil, utilizing advanced technologies like AI and big data to comply with local data protection laws. The platform's features include data encryption and anonymization, bolstering security against cyber threats. Funcional HealthTech reports that this solution aids in acquiring new customers, addressing the increasing demand for operational efficiency and security in healthcare.

Thales has released a report outlining significant cyber-attacks in Europe over the past year, highlighting a shift from Ukraine-centric to wider European targets, particularly impacting critical infrastructure sectors. DDoS attacks surged, primarily executed by pro-Russian hacktivist groups, making up 61% of reported incidents. The report indicates 80.9% of incidents in early 2023 occurred within the EU, with Poland and the Baltic states being especially targeted. Thales emphasizes its role in providing cybersecurity solutions, contributing to over 1.5 billion euros in sales in 2022, supporting government and critical infrastructures amid increasing cyber warfare.

Thales has launched the OneWelcome Identity Platform for global enterprises, enhancing their digital transformation efforts with secure and trusted digital identities. The introduction of a US zone allows businesses in North America to meet regional delivery capabilities and compliance with regulatory requirements. The platform supports frictionless user experiences across various stakeholders, addressing challenges of data privacy and operational complexity. Thales, recognized as a leader in Customer Identity and Access Management (CIAM) by KuppingerCole, aims to help organizations navigate the evolving landscape of digital identity management.