Experian Data Breach Resolution Releases Data Breach Industry Predictions For 2014

Forecast includes commentary on the vulnerable healthcare industry, international breach complexities, a rise in cyberinsurance adoption, breach "fatigue" and more

Dec 03, 2013, 08:00 ET from Experian Data Breach Resolution

COSTA MESA, Calif., Dec. 3, 2013 /PRNewswire/ -- Experian® Data Breach Resolution, one of the first companies to develop products and services that address this critical issue, announces the availability of 2014 Data Breach Industry Forecast, a white paper outlining key trends companies should watch out for next year.

According to the paper, the number of data breaches both experienced and reported is expected to rise, with no signs of a slowdown. To help companies better understand this evolving landscape, Experian Data Breach Resolution looked at a few of the most significant issues affecting the industry. The commentary is beneficial for organizations defending their data and partners such as legal counsel and cyberinsurers that are vital components in data breach management.

"Over the past year, we have handled more breaches for clients than ever before, so it was an opportune time to share our perspective with the industry," said Michael Bruemmer, vice president at Experian Data Breach Resolution. "Data breaches will likely happen, so it is important that organizations keep abreast of the latest cybersecurity news and trends. This paper provides insight that professionals can consider as they tackle their data breach prevention and management plans."

Some of the data breach industry topics addressed in the white paper include:

  • Healthcare Breaches: Opening the Floodgates. With the addition of the Healthcare Insurance Marketplace, thousands of individuals will be introduced into the healthcare system and possibly increase the vulnerability of the already-susceptible healthcare industry. When combined with new Health Insurance Portability and Accountability Act data breach compliance rules that require more notification, the healthcare industry is likely to make the most breach headlines in 2014.
  • Will the Cloud and Big Data Equal Big International Breaches? International data breach response plans will be essential in 2014 as European Union regulations continue to take shape and be enforced based on where the customer lives rather than where the data is located. In response, organizations will begin looking for internationally savvy privacy attorneys to help guide them through the new regulations in foreign jurisdictions, as well as new ways to provide notification in many languages and locations.
  • A Surge in Adoption of Cyberinsurance. Currently, only one-third of companies have purchased cyberinsurance, which means significant growth potential to providers.  As the industry evolves, rapid adoption is expected within the year. In turn, companies will likely benefit from more policy options.

Through continued dialogue and industry advancements, companies can become better prepared to mitigate the potential financial and reputational damage of a data breach. To access the full white paper, visit http://www.experian.com/data-breach/data-breach-industry-forecast.html.

Additional data breach resources, including Webinars, white papers and videos, can be found at http://www.experian.com/databreach.

Read Experian's blog at http://www.experian.com/dbblog.

About Experian Data Breach Resolution
Experian® is a leader in the data breach resolution industry and one of the first companies to develop products and services that address this critical issue. As an innovator in the field, Experian has a long-standing history of providing swift and effective data breach resolution for thousands of organizations, having serviced millions of affected consumers. For more information on the Experian Data Breach Resolution division at ConsumerInfo.com, Inc. and how it enables organizations to plan for and successfully mitigate data breach incidents, visit http://www.experian.com/databreach.

About Experian
Experian is the leading global information services company, providing data and analytical tools to clients around the world. The Group helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.

Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2013, was US$4.7 billion. Experian employs approximately 17,000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and Sao Paulo, Brazil.

For more information, visit http://www.experianplc.com.

Experian and the Experian marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein are the property of their respective owners.

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