Review of Findings & Front-line Insights Panel Participants: Richard Goldberg (Moderator) – Constangy, Brooks, Smith & Prophete, LLP Michael Bruemmer – Experian  Sean Renshw – RSM US, LLP  Mark Greisiger – NetDiligence About NetDiligence Cyber Claims Study It is NetDiligence’s 13th year of doing this Cyber Claims Study. A total of 9,028 claims were analyzed during the past five years 2018-2022. An observation from the over 9,000 Cyber Claims (5000 of which are brand new claims this past year in 2023) analyzed is while many of the categories over the last five years have re ..read more

Insights from the Cyber Risk Summit Beverly Hills – October 2023 Authored by Ryan Coyne I recently participated in a panel with industry experts, delving into third-party cyber risks. The panel shed light on best practices, challenges, and strategies to mitigate the impact of third-party incidents. Panel Participants: Stu Panensky (Moderator) – FisherBroyles, LLP Ryan Coyne – Experian Tom Egglestone – Resilience Mark Grazman – Fenix24  Matthew Saidel – FTI Consulting Agenda: Incident Best Practices: Collaboration & Coordination on IR Action Items Upstream Risk of Third Parties: Ve ..read more

In the fast-paced world of cybersecurity, the ability to anticipate and adapt to emerging threats is not just a competitive advantage—it’s a business imperative. As we release our 11th annual “Experian 2024 Data Breach Industry Forecast,” we invite you to embark on a journey into the future of data breaches, a journey that promises to empower data breach professionals, cyber experts, and industry leaders alike. A Glimpse into Tomorrow’s Threat Landscape Our team of experts has meticulously examined the current cybersecurity landscape to identify the trends that will shape the industry in the ..read more

The threat of data breach is constant in our modern, digital world. And as technology advances, so do the strategies and tactics of malicious actors seeking ways to monetize the vulnerabilities of organizations. It’s not a matter of if, but when, a data breach could impact your organization, and it is important for businesses to understand how to operate in it. What is a Data Breach? For many organizations, a data breach is arguably one of the greatest threats to prevent. What is a data breach? Imagine your organization as a fortress, safeguarding a treasure trove of sensitive information—cust ..read more

2023 -2024 Experian Data Breach Response Guide Learn how you can boost your preparedness—download the new guide now. As the proliferation of connected devices and third-party integrations accelerate, organizations are becoming more exposed to risk. Your attack surface is expanding, and it’s a hacker’s dream. But their dream is your nightmare. While there will always be at least one monster hiding under the bed, being prepared and having a plan can help you sleep easier and soften the blow when an attack does happen. How likely is your organization to be the victim of an attack? As pointed out ..read more

Reflections, New Predictions, and What to Expect by 2033.  Where We’ve Been: A Cybersecurity Recap  It’s been a decade since Experian released its first Forecast. At the time, hacker activity was heating up, and breach ‘fatigue’ was setting in. The report highlighted the budding threat of healthcare incidents, started a conversation about the connection between the cloud, big data, and big international breaches, and was one of the first—if not the first preparedness and response organization to sound the alarm on the cyber insurance surge. Fast forward to 2023: Clever cybercrim ..read more

When a data breach occurs, it can have a ripple effect on your business, your employees, and your customers. Depending on the severity of the breach, large volumes of personally identifiable information – such as email addresses, birth dates, passwords, social security numbers, etc. – may fall into the hands of unauthorized people who intend to exploit that information for personal gain. While data breaches are difficult to predict, you can take proactive steps to ensure that your business and your customers know what to expect and are well equipped to cope with the consequences. Create a plan ..read more

The Threat “With criminals, there’s no such thing as a border anymore. They don’t care where you are, who you are; if there’s money to take from you, they will take it.” That’s what U.S. Secret Service Agent Eric Adams had to say when asked about cybersecurity threats during the “Global Cyber Threatscape & the Role of Law Enforcement” panel I moderated at the latest NetDiligence CyberRisk Summit event.   It’s clear to law enforcement that cybercriminals are hyper-connecting, deep information sharing, and crossing virtual borders—becoming more brazen (and clever) by the breach—leaving ..read more

Download the new Experian® Data Breach Response guide now As we navigate a new way of living, working, and handling the unpredictability of COVID-19 and other potential health concerns worldwide, now is not the time to ease up on data breach preparedness. I’ve said it many times before, and I’ll repeat it, every minute counts in today’s fast-breaking data breach response environment. As pointed out in the foreword of the 8th Annual Experian® Data Breach Response Guide, “Almost everything is done and undone with a screen touch, keystroke, password, or pin.”  It is a convenient real ..read more

Crises come in many forms, without warning, and can be devastating for any size business. A company’s ability to manage crises directly impacts consumers’ trust and perception of their brand. In today’s digital world, consumers are more informed than ever before and consumer trust is what keeps businesses afloat. If that trust is broken or their needs are not met, consumers will take their business elsewhere. Companies cannot afford to lose customers. Research from Frederick Reichheld of Bain & Company, the inventor of the Net Promoter Score, shows that increasing customer retention rates ..read more