Tag: data breach response guide

2023-2024 Experian Data Breach Response Guide Learn how you can boost your preparedness against cyberattacks—download the new guide now. As the proliferation of connected devices and third-party integrations accelerate, organizations are becoming more exposed to risk. Your attack surface is expanding, and it’s a hacker’s dream. But their dream is your nightmare. While there will always be at least one monster hiding under the bed, being prepared and having a plan can help you sleep easier and soften the blow when an attack does happen. How likely is your organization to be the victim of an attack? As pointed out in the 9th Annual Experian Data Breach Response Guide, “Cyber attacks happen once every 39 seconds.[1]  There’s no time to rest, and no time to let your guard down. It’s just a matter of time before your data becomes a target, whether it is a direct hit to your organization or through a third-party supply chain attack (one of the latest trends hackers are using to gain access to huge amounts of data in just one sweep). You never know when your day will come, so being prepared now is the only way. 15% fewer incidents occur on average for customers with a plan.[2] Having fewer incidents helps keep your data safer and your bottom line healthier as the cost of a data breach continues to break records year after year. Learn How You Can Be Prepared Our 2023-2024 Data Breach Response Guide has been updated with the latest predictions, trends, and expert advice based on real-world experience. This is the ninth year I’ve rolled out this guide, and it gets better every year, with deeper insights into the state of cyber threats across industries and current best practices, and step-by-step guidance for creating, testing and implementing a plan for your business. Highlights include: Third-party breaches are rising — A partner breach make up 62% of system intrusions.[3] Healthcare and financial services have the highest volume of breaches, representing over half the share of breaches serviced by Experian in 2022.[4] How having a response plan can save your business—90% of consumers are more forgiving of companies that had a response plan before a breach.[5] How Experian Data Breach Solutions can help your organization respond quickly to and minimize the impact of a data breach Ready to Get Started? A data breach preparedness plan is never a one-and-done deal. It needs to evolve along with the cyber threats it is meant to conquer. Experian is a partner you can trust. We continue to expand our product offerings, keep our eyes and ears on the lookout for rising threats and trends, and use our years of experience to support our partners when they need us most. Download the latest edition of the Experian® Data Breach Guide [1] Zippia, 30 Crucial Cybersecurity Statistics [2023]: Data, Trends and More. [2] Experian Data June 2023 [3] Resmo, Third-Party Data Breach Statistics. [4] Experian Data June 2023 [5] Experian Data Breach Consumer Survey.

As we navigate a new way of living, working, and handling the unpredictability of COVID-19 and other potential health concerns worldwide, now is not the time to ease up on data breach preparedness. I’ve said it many times before, and I’ll repeat it, every minute counts in today’s fast-breaking data breach response environment. As pointed out in the foreword of the 8th Annual Experian® 2022 Data Breach Response Guide, “Almost everything is done and undone with a screen touch, keystroke, password, or pin.” It is a convenient reality for consumers looking to make quick, returnable digital purchases, as it is for hackers who can cause irreversible financial and reputational harm to companies and organizations. In this world, it’s not an option to put data breach preparedness on the back burner. Every employee in your organization, from the C-suite to the call center, must stay ready. In 2021, the average cost of a data breach was $4.24 million.[1] Industry Perspectives, Current Data, Consumer Response  New and improved for 2022-2023, our latest Data Breach Response Guide is an in-depth preparedness page-turner, complete with predictions, trends, experienced-based advice from Experian experts, and real-world incident insight informed by servicing breaches over 15 years. The Highlights  I’ve managed the roll-out of this guide for years, and I have to say, this guide is the most comprehensive and data-dense one yet. It has everything you need to learn how to prepare, plan, practice, audit, and manage your crisis response. You’ll get details on: The Rise of Ransomware—one happened every 11 seconds in 2021[2] What do businesses think about response plan drills?—84% agree their plans could be more effective with drills[3] Why hackers’ top industry target is still healthcare) and why How Experian® Crisis Solutions helps companies recover strong, much more Cyberattack Preparation is Paramount Cybersecurity and data breach preparedness is changing by the minute. Experian is expanding its product offerings, staying on top of rising threats, and relying on our deep experience to support partners when they need us most. Ready to learn more about how to stay ready for a data breach? Download the Experian® Data Breach Guide now. For additional preparedness insights, sign up for our free resource hub. [1] IBM & Ponemon 2021 Cost of a Data Breach Report [2] Cybersecurity Ventures, Cybercrime to Cost the World $10.5 Trillion Annually by 2025 [3] Experian and Ponemon. 2022. Ninth Annual Study: Is Your Company Ready for a Big Data Breach

DID YOU KNOW: 74% of organizations believe their data breach response plan could be more effective if they incorporated what they learned from previous breaches?1 The COVID-19 outbreak has accelerated digital transformation and upended business and life as usual. As the threat of cybercrime and data breaches continue to disrupt businesses during this time, being prepared for an incident is a must for organizations of all sizes. Experian’s new and improved Data Breach Response Guide is here to help you defend your network and prepare for a data breach with insights and the latest industry trends. This year, we also have a new feature to help you quickly and effectively prepare for a data breach. The new Experian Reserved Response™ Hub delivers a digital, self-service destination to create, plan, prepare and pressure-test your data breach response plan. Companies that access the Hub can: Download data breach readiness reading materials Access proven notification templates Get the FAQ template and pre-breach incident checklist Access multiple levels of Experian Reserved Response™ services See Experian Reserved Response™ guarantees (with SLAs) for manpower, infrastructure, and response readiness And more! Data breach incidents can happen to any business, of any size, at any time, all over the world. On average, organizations can save $2 million if they have an established incident response team with a plan that has been tested extensively, according to the IBM and Ponemon 2020 Cost of a Data Breach Report. Failing to respond to a breach properly can cause brand damage, customer migration, executive termination, and more. Experian Reserved Response™ is the only program that guarantees SLAs and can have your plan ready in as little as three days. With over 17 years of experience managing tens of thousands of data breaches, we’re here to help you plan and pressure-test your response process. To get Response Ready™, download our latest Data Breach Response Guide and access to our new Reserved Response Hub today. 1 PwC. 2020. Digital Trust Insights Pulse Survey