All signs point to 2014 being a “critical year for companies to better prepare to respond to security incident and data breaches,” warns Experian in its latest report on the future of cyber risk.

Malware and hacking attacks jumped by 20% and 31%, respectively, from 2010 to 2011, but fell by nearly 30% in both categories in 2012, reports Verizon. However, 2013 has seen its share of high-profile companies falling to subtle hacking techniques, including Adobe, which lost nearly 38 million personal and password records and Livingsocial, which lost 150,000 pieces of data.

Experian says that more than half of organizations are armed with data breach preparedness plans, but the report takes a glass-is-half-empty approach to the statistic, saying that still “not everyone is prepared.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.