Thales - THLLY STOCK NEWS

Thales has announced the integration of its payShield 10K technology with Microsoft Azure Payment Hardware Security Module (HSM). This collaboration enables secure payment applications in the cloud, providing cryptographic key operations essential for real-time transactions. The service offers financial institutions a wide range of use cases including payment processing and sensitive data protection. Key features include enhanced security, customer-managed HSMs, and remote management capabilities, benefiting businesses in their digital transformation and compliance with security standards.

The collaboration between Thales and Google Cloud enhances data security for organizations migrating workloads to the cloud. Their integrated solution, Ubiquitous Data Encryption, combines Google Cloud’s Confidential Computing with Thales’s CipherTrust Cloud Key Manager, allowing users to manage encryption keys securely. With over half of organizations shifting to the public cloud, safeguarding sensitive data is crucial. This solution ensures that data remains private during processing, significantly increasing user control and trust in cloud services.

Thales has launched the Cinterion® ELS62 module, designed to enhance security and connectivity for IoT devices. This module provides robust authentication and data encryption, facilitating the reliable operation of smart grids, home appliances, and healthcare devices. It employs a single antenna solution compliant with LTE-Cat.1bis for optimized connectivity and cybersecurity. Thales' expertise aids in streamlined device management, reducing total-cost-of-ownership. The innovative technology supports manufacturers in developing trustworthy IoT solutions.

According to the 2022 Thales State of Software Monetization Report, over 90% of independent software vendors (ISVs) are missing revenue opportunities due to inflexible licensing models. More than 90% of vendors worry about software theft and misuse. The survey indicates that 74% anticipate increased adoption of software-as-a-service (SaaS), while 40% face challenges in licensing across multiple devices. Additionally, over 54% plan to utilize data to enhance licensing strategies, focusing on user behavior to improve product offerings.

Thales and Gireve have teamed up to enhance the Electric Vehicle (EV) charging experience with a secure, interoperable 'Plug & Charge' solution. This innovative platform, integrating Thales Trusted Key Manager and Gireve’s technology, simplifies charging by automating vehicle recognition and driver authentication at ISO 15118-compatible stations. With projections of 84 million EVs on European roads by 2030, this partnership addresses the need for secure and convenient access to the growing EV market, establishing a trusted infrastructure for all players involved.

Thales has launched CipherTrust Intelligent Protection, an innovative solution built on its CipherTrust Data Security Platform, aimed at simplifying data protection. This automated workflow helps organizations discover, safeguard, and control sensitive data through encryption and access controls. It addresses operational complexities and regulatory compliance, facilitating a faster path to compliance with various regulations. The solution leverages automation to minimize human error and security gaps, allowing efficient management of sensitive data across cloud and on-premises environments.

Thales has reinforced its leadership in biometric technology by enhancing its facial recognition solutions amidst the Covid context. The company's biometric authentication offers over 99.3% accuracy without masks and approximately 97% with them. All solutions comply with GDPR, supporting various applications like border control and airport security. Thales emphasizes the importance of ethical usage of facial recognition technology in its recent position paper. With a workforce of 81,000 and €17 billion in sales for 2020, Thales continues to innovate in digital identity and security.

Thales, in partnership with First Tech, has successfully aided fintech SWAP in launching its modern digital payment infrastructure. The collaboration allows SWAP to offer rapid and secure financial services, resulting in a four-fold increase in its customer base. Built to adhere to Payment Card Industry Data Standards, SWAP's new system enhances scalability and supports ongoing growth. Thales's cloud-based security solution is key to SWAP's operational efficiency, expecting annual growth between 30% and 40% as it expands its services.

The 2021 Thales Global Cloud Security Study reveals that 40% of organizations experienced a cloud data breach in the past year. Despite the rise in cyber threats, only 17% of businesses encrypt over half of their sensitive cloud data, and 34% do not control their encryption keys. The pandemic has accelerated cloud adoption, with 57% using multiple providers. Complexity in managing data security is a concern for 46% of organizations, and 48% lack a Zero Trust strategy. The study emphasizes the need for enhanced security mechanisms in cloud environments.