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® 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.
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 percent) 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:
- Regularly reviewing physical security and access to confidential information (73 percent, up three percent)
- Conducting background checks on new full-time employees and vendors (69 percent, up four percent)
- Integrating data breach response into business continuity plans (56 percent, up four percent)
- Subscribing to a dark web monitoring service (26 percent, up seven percent)