76% of companies have had a data breach or expect to have a breach

Reblogged from Brian Pennington:

Experian Data Breach Resolution and the Ponemon Institute have released a study that finds that, despite the majority of companies experiencing or anticipating significant cost and business disruption due to a material data breach, they still struggle to take the proper measures to mitigate damage in the wake of an incident.

The report, “Is Your Company Ready for a Big Data Breach?” examines the consequences of data breach incidents and the steps taken to lessen future damage.

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Brian Pennington

Experian Data Breach Resolution and the Ponemon Institute have released a study that finds that, despite the majority of companies experiencing or anticipating significant cost and business disruption due to a material data breach, they still struggle to take the proper measures to mitigate damage in the wake of an incident.

The report, “Is Your Company Ready for a Big Data Breach?” examines the consequences of data breach incidents and the steps taken to lessen future damage.

Respondents include senior privacy and compliance professionals of organisations that experienced at least one data breach. The top three industries represented are retail, health and pharmaceuticals, and financial services.

A majority of companies we surveyed indicate they have already or are very likely to lose customers and business partners, receive negative publicity and face serious financial consequences due to a data breach,” said Michael Bruemmer, vice president at Experian Data Breach Resolution. “Yet…

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