2024 Data Breach Industry Forecast

Unveiling the Future: The Experian 2024 Data Breach Industry Forecast

Published: January 29, 2024 by Michael Bruemmer

In the fast-paced world of cybersecurity, the ability to anticipate and adapt to emerging threats is not just a competitive advantage—it’s a business imperative. As we release our 11th annual “Experian 2024 Data Breach Industry Forecast,” we invite you to embark on a journey into the future of data breaches, a journey that promises to empower data breach professionals, cyber experts, and industry leaders alike.

A Glimpse into Tomorrow’s Threat Landscape

Our team of experts has meticulously examined the current cybersecurity landscape to identify the trends that will shape the industry in the coming year. The “Experian 2024 Data Breach Industry Forecast” provides a roadmap for staying ahead of these challenges, arming you with the insights needed to fortify your organization’s defenses.

Six Pivotal Predictions: Decoding the Future

Within the report, we unveil six pivotal predictions that promise to redefine the landscape of data breaches. While we can’t reveal all the details here, we’ll offer a sneak peek to whet your appetite:

Six Degrees of Separation: There’s no question that third-party data breaches this year made headlines. Delve into the intricacies of supply chain security and discover why addressing vulnerabilities in the supply chain is the next frontier in cybersecurity.
Little by Little Becomes A Lot: When trying to achieve a goal, it’s said that taking small steps can lead to big results. See how hackers could apply that same rule.
Not a Third Wheel: It’s widely known who the main players are globally that sponsor attacks and a new country in South Asia may join the international stage.
No, not Mother Earth! Plutonium, terbium, silicon wafers — these rare earth materials present an intriguing opportunity for hackers looking to disrupt an enemy’s economy.
The Scarface Effect: Like drug cartels, cybergangs are forming sophisticated organizations.
Winning from the Inside: In 2024, we may see enterprising threat actors target more publicly traded companies, leveraging data extraction and their talents in plain sight as everyday investors.

This is just a glimpse into the dynamic and evolving landscape detailed in our full report. Download the complete “Experian 2024 Data Breach Industry Forecast” to explore these predictions in-depth and stay ahead of the curve.

Expert Analysis: Navigating Complexity with Confidence

Backed by extensive research and the expertise of our seasoned analysts, the report provides more than just predictions; it offers a deep dive into the complexities of the modern cybersecurity landscape. Our experts share their insights on how these predictions will impact organizations and individuals, providing actionable intelligence that goes beyond the theoretical.

Whether you’re a CISO, a Compliance Officer, or a Cyber Risk Insurer, the “Experian 2024 Data Breach Industry Forecast” equips you to navigate the challenges of tomorrow with confidence.

Empowering You to Lead in Data Breach Response

As you read through the report, you’ll find that our approach goes beyond merely highlighting problems; we provide solutions. Each prediction is accompanied by practical recommendations and best practices, ensuring that you not only understand the evolving landscape but also possess the tools to proactively address the challenges that lie ahead.
Now, more than ever, it’s crucial to be proactive in your approach to cybersecurity. Download the full “Experian 2024 Data Breach Industry Forecast” to unlock the insights and strategies that will set you apart in the realm of data breach response. Your journey into the future starts here.

The Future is Now.

Are you ready to take the first step toward a more secure tomorrow? Download the report now and lead the way in data breach response.

How Terrace Finance Protects its Customers with NeuroI...

Fraud & Identity Management

In today’s digital lending landscape, fraudsters are more sophisticated, coordinated, and relentless than ever. For companies like Terrace Finance — a specialty finance platform connecting over 5,000 merchants, consumers, and lenders — effectively staying ahead of these threats is a major competitive advantage. That is why Terrace Finance partnered with NeuroID, a part of Experian, to bring behavioral analytics into their fraud prevention strategy. It has given Terrace’s team a proactive, real-time defense that is transforming how they detect and respond to attacks — potentially stopping fraud before it ever reaches their lending partners. The challenge: Sophisticated fraud in a high-stakes ecosystem Terrace Finance operates in a complex environment, offering financing across a wide range of industries and credit profiles. With applications flowing in from countless channels, the risk of fraud is ever-present. A single fraudulent transaction can damage lender relationships or even cut off financing access for entire merchant groups. According to CEO Andy Hopkins, protecting its partners is a top priority for Terrace:“We know that each individual fraud attack can be very costly for merchants, and some merchants will get shut off from their lending partners because fraud was let through ... It is necessary in this business to keep fraud at a tolerable level, with the ultimate goal to eliminate it entirely.” Prior to NeuroID, Terrace was confident in its ability to validate submitted data. But with concerns about GenAI-powered fraud growing, including the threat of next-generation fraud bots, Terrace sought out a solution that could provide visibility into how data was being entered and detect risk before applications are submitted. The solution: Behavioral analytics from NeuroID via Experian After integrating NeuroID through Experian’s orchestration platform, Terrace gained access to real-time behavioral signals that detected fraud before data was even submitted. Just hours after Terrace turned NeuroID on, behavioral signals revealed a major attack in progress — NeuroID enabled Terrace to respond faster than ever and reduce risk immediately. “Going live was my most nerve-wracking day. We knew we would see data that we have never seen before and sure enough, we were right in the middle of an attack,” Hopkins said. “We thought the fraud was a little more generic and a little more spread out. What we found was much more coordinated activities, but this also meant we could bring more surgical solutions to the problem instead of broad strokes.” Terrace has seen significant results with NeuroID in place, including: Together, NeuroID and Experian enabled Terrace to build a layered, intelligent fraud defense that adapts in real time. A partnership built on innovation Terrace Finance’s success is a testament to what is  possible when forward-thinking companies partner with innovative technology providers. With Experian’s fraud analytics and NeuroID’s behavioral intelligence, they have built a fraud prevention strategy that is proactive, precise, and scalable. And they are not stopping there. Terrace is now working with Experian to explore additional tools and insights across the ecosystem, continuing to refine their fraud defenses and deliver the best possible experience for genuine users. “We use the analogy of a stream,” Hopkins explained. “Rocks block the flow, and as you remove them, it flows better. But that means smaller rocks are now exposed. We can repeat these improvements until the water flows smoothly.” Learn more about Terrace Finance and NeuroID Want more of the story? Read the full case study to explore how behavioral analytics provided immediate and long-term value to Terrace Finance’s innovative fraud prevention strategy. Read case study

Published: September 3, 2025 by Allison Lemaster