Thales - THLLY STOCK NEWS

Thales has launched the first SAP-certified tokenization solution, CipherTrust Tokenization, to enhance data security in SAP applications. This solution, developed through the Co-Innovation Lab with SAP, provides granular user access controls and facilitates compliance during cloud migration. It addresses challenges posed by stringent regulations like Schrems II and ensures the protection of sensitive data such as PII and PCI. With this offering, Thales aims to strengthen its standing in data security, catering to enterprises shifting to cloud infrastructure.

Thales has partnered with triPica to enhance digitalization in the telecom sector, launching a mobile app that simplifies customer account management. This solution enables mobile operators, starting with Bouygues Telecom, to provide a secure and efficient user experience by allowing full digital registration and real-time account management. Thales' expertise in identity verification enhances security during the registration process. The collaboration aims to meet increasing demands for digital solutions in a mobile-first world.

Thales has launched the new Cinterion MV32 modem card, enhancing the development of resilient, high-performance 5G devices for various IoT applications. This compact modem is designed for superior connectivity, supporting a multitude of devices with ultra-high speed and reliability. The card is built to address cyber threats, integrating robust security measures, including secure remote updates and continuous security testing. Thales aims to facilitate the expansion of 5G networks that will support billions of connected devices, enhancing sectors like remote patient care and renewable energy monitoring.

Thales is pioneering sustainable payment solutions by offering eco-friendly cards certified by Mastercard's Sustainable Card Program. In 2021, Thales shipped approximately 25 million of these cards, made from bio-sourced materials or recycled plastic. This initiative aims to reduce the environmental impact of payment cards, which consume a massive amount of plastic annually. Thales' innovations include cards made from 85% PLA and those using Ocean Plastic® collected from coastal cleanups, contributing to a more sustainable banking sector.

Thales has signed a definitive agreement to acquire S21sec and Excellium, enhancing its cybersecurity portfolio. The acquisition, valued at 120 million euros, positions Thales to expand its footprint in Spain, Portugal, Luxembourg, and Belgium. S21sec and Excellium generated 59 million euros in sales in 2021 and employ 546 people. This strategic move aims to strengthen Thales’ incident detection and response capabilities while complementing its existing services, thereby consolidating its leadership in the cybersecurity consulting market.

On April 14, 2022, Thales introduced about sixty employees to the Cyber Campus in Paris-La Defense, enhancing its dedication to cybersecurity excellence. The campus, inaugurated on February 15, aims to foster collaboration within the cybersecurity ecosystem. As the first group to join, Thales emphasizes sharing cyber knowledge amid rising global threats. With plans to recruit over 1,000 professionals in cybersecurity, Thales continues to secure critical information systems for more than 130 clients worldwide, reflecting its commitment to combating increasing cyber threats.

Thales has partnered with Globalgig for the world’s first deployment of Thales Adaptive Connect, an innovative solution for smart IoT connectivity. This technology utilizes eSIM to allow devices to automatically download mobile subscriptions, enhancing service continuity for both stationary and mobile devices. By 2025, over one billion eSIM-enabled IoT devices are projected to be deployed globally, supporting applications like smart metering. This collaboration aims to streamline IoT device connectivity, benefiting IoT service providers and manufacturers by providing immediate operational efficiency without manufacturing disruptions.

Thales has launched a new Cyber Security Operations Center in Morocco, enhancing its global network to six centers. This facility aims to provide real-time protection against cyber threats for both Moroccan and wider African enterprises, addressing the increased vulnerability due to digital transformation and remote work trends accelerated by the pandemic. The center will operate under a 'follow the sun' model, offering around-the-clock support to clients. Thales, leveraging over 20 years of cybersecurity expertise, is committed to enhancing Africa's cybersecurity posture.

Thales' 2022 Data Threat Report highlights that malware, ransomware, and phishing continue to be significant security threats for organizations globally. Notably, 21% of businesses experienced ransomware attacks in the past year, with 43% facing operational disruptions. Despite heightened threats, less than half of companies (48%) have a formal ransomware response plan. Additionally, only 56% of IT leaders are confident in knowing where their data resides, and a concerning 79% express worries about security risks associated with remote work.