Study on data breach preparedness.

A recent report is available online titled “Is Your Company Ready for a Big Data Breach? The Second Annual Study on Data Breach Preparedness.” The report was conducted by Ponemon Institute and sponsored by Experian® Data Breach Resolution.

Some of the more interesting findings include:

• Data breaches are increasing in frequency. In 2013, the study showed 33 percent of respondents had a data breach involving loss or theft of more than 1000 records containing sensitive information. In 2014, that number rose to 43 percent.

• 68 percent of respondents do not agree that their organizations understand what needs to be done following a material data breach to prevent negative public opinion, blog posts, and media reports.

• 67 percent of respondents do not agree that their organizations understand what needs to be done following a material data breach to prevent the loss of customers’ and business partners’ trust and confidence.

• 62 percent of respondents do not agree that that their organizations are prepared to respond to a data breach involving business confidential information and intellectual property.

• 49 percent of respondents do not agree that their organizations are prepared to respond to the theft of sensitive and confidential information that requires notification to victims and regulators.

You can read the full report here.