5 Common Failures Companies Make Regarding Data Breaches

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External Experts

Failure #5: Not working with the proper external experts who can help navigate the issue.

Having the right team in place can greatly increase a company’s chance of successfully navigating a data breach. This team should include a legal partner specialized in data breach response, IT forensics, cyber insurance, public relations experts and a data breach resolution partner. Setting up a strong group of experts in advance can help a company quickly respond to a potential incident. Even better, connecting these professionals ahead of an incident and ensuring all contracts are in place, will cut down on potential administrative hurdles during an incident.

Over the last few years, data breaches have become a regular occurrence for most consumers. By now, the average person has either been directly impacted by a data breach or knows someone who has. As a result of this increase in data breach awareness, companies that experience a breach are under much greater scrutiny today than ever before. Companies are no longer judged by whether they have a breach, but rather on how they respond when a breach occurs. 

While according to the Ponemon Institute 81 percent of companies have data breach preparedness plans in place and understand the basic procedures for responding to an incident, the actual execution of a plan during a breach can present even the most seasoned companies with challenges. It is no longer enough to just have a plan in place, companies today need to ensure they are continually examining the current data breach landscape in order to identify new threats, ensure they have captured best practices and are watching for common mistakes to avoid.

Based on experience servicing some of the largest data breaches to date, Michael Bruemmer, vice president, Experian Data Breach Resolution, has identified five common failures he sees companies making when preparing for, and responding to, a data breach, and outlined guidance for companies on how they can tackle these issues.

 

Related Topics : Unisys, Stimulus Package, Security Breaches, Symantec, Electronic Surveillance

 
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