Experian's data breach preparedness study reveals increased investments in security aren't stopping breaches
COSTA MESA, Calif., March 2, 2020 /PRNewswire/ -- While corporations today are more knowledgeable about security threats and prepared to respond to data breaches, there are key areas in which progress declined in 2019. Experian® today released its seventh annual corporate preparedness study, Is Your Company Ready for a Big Data Breach?, revealing that cybercriminals may still be one step ahead of companies' security practices and investments.
Conducted by the Ponemon Institute, the study surveyed 650 professionals in the United States — and new this year — 456 in EMEA. To view the report, go to
Security investments and effectiveness in many categories increased
Sixty-eight percent of respondents say their organization has put more resources toward security technologies to detect and respond quickly to a data breach. More than half of those surveyed (57%) also reported that they believe their data breach response plans are "very" or "highly" effective, up from 49 percent in 2018.
More organizations are also taking additional steps to prepare beyond their data breach response plan. These steps include:
For the second year surveying respondents about the General Data Protection Regulation (GDPR), findings revealed some good news. Organizations have improved their ability to comply with GDPR with 54 percent of respondents saying they have a high or very high ability to comply with the regulation (an increase from 36%), while 50 percent of respondents have a high or very high effectiveness in complying with the data breach notification rules (anincrease from 23%).
But data breaches are up and confidence levels are down
While more time and resources are being put toward preventing and preparing for a data breach, unfortunately, 63 percent of those surveyed reported they had a data breach involving more than 1,000 records, a 4 percent increase from 2018. There was a slight increase (1%) of those who had data breaches more than five times (12%).
Consequently, organizations are struggling in the following areas:
"It's a bit surprising to see that organizations have made great strides in certain areas, but not in others, especially when it comes to fighting rudimentary attacks, such as spear phishing or IoT and malware infiltration," said Michael Bruemmer, vice president of Data Breach Resolution at Experian. "But, overall, with 94 percent of organizations having a data breach response plan in place, and a third deploying data protection program activities across the enterprise with C-level support, security postures have improved immensely. However, organizations shouldn't let their guard down and should continue to invest in trainings, technology and external response partners."
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