Study Finds More Companies Have Data Breach Response Plan, But Still Lack Crucial Steps

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The Human Factor

Companies are not addressing the human factor of a data breach.

Despite human error being the leading cause of data breaches, employee security training is lacking. Half of survey respondents do not provide data protection training as part of new employee on-boarding, and amongst companies that do provide employee security training, a majority only conduct it once.

As a best practice, companies should ensure they provide regular security and data privacy awareness training for employees. The specifics covered in these trainings should be regularly reviewed and updated to ensure their programs address the areas of greatest risk to the organization.

Amidst today's threat landscape, it is a positive sign that businesses have acknowledged data breaches as a corporate issue they must prepare for. Research shows business leaders are now more aware of the detrimental impact a data breach has on brand reputation. However – after reviewing three years of survey data on how executives are preparing for a data breach – it is surprising to report that many are still struggling to feel confident in their ability to manage a breach and execute a response plan.

According to Experian Data Breach Resolution's Third Annual Study: Is Your Company Ready for a Big Data Breach?, 81 percent of companies now have a baseline data breach response plan in place, but only 34 percent of executives view those plans as effective. This can be largely attributed to significant holes in the response plans in terms of the types of data breaches they should prepare for.

Based on the survey of 604 executives and staff employees who work in privacy and compliance fields in the U.S., the following slideshow examines the current state of data breach preparedness in corporate America and steps security decision-makers can take to improve their incident response plans.

 

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

 
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