Stories from the Trenches: Data Breach Resolution

Published: July 29, 2014 by Michael Bruemmer

Recently, I was able to share some data breach resolution insights on Experian’s Credit & Finance Talk on iHeart radio. During our chat, I gave some detail about the trends we’re currently tracking in the world of data breaches, and how this is affecting businesses and consumers:

  • Businesses must develop a pre-breach plan, as breaches continue to increase in frequency and expense
  • Many breaches result from non-malicious employee error, despite widespread beliefs to the contrary
  • As the e-business landscape continues to boom, a proliferation of consumer data is increasingly available to hackers who are progressively dedicated
  • Consumers must be even more vigilant in safeguarding their private information—specifically their Social Security Number and insurance information—providing only when absolutely crucial
  • Tax fraud is an aggressively escalating area of data breach impact, with increasing resolution expense

    Chatting with the iHeart radio team was a great opportunity to talk more freely about the evolution of data breach impact in both the groups that must survive its life cycle-on the personal consumer side as well as within the business space. Sharing how the resolution side is also changing helps set a baseline for victims of data breaches on how we can assist them, with both pre-breach and post-breach needs.

    Legal Notice: The information you obtain herein is not, nor intended to be, legal advice. We try to provide quality information but make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained. As legal advice must be tailored to the specific circumstances of each case and laws are constantly changing, nothing provided herein should be used as a substitute for the advice of competent legal counsel.