Regulatory Scrutiny of Corporate Cybersecurity May Increase if More Major Data Breaches Occur, Experian Says
Legal and regulatory scrutiny of corporate leaders’ management of cybersecurity may increase in 2015 if more “major” data breach incidents occur, Experian said Monday in a report. Data breaches in the coming year are likely to increasingly result in the…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
theft of usernames, passwords and other information stored in the cloud, because cloud services’ increasing popularity make them an “attractive target” for hackers, Experian said. Data breaches at physical retail locations may also increase in the coming year as hackers attempt to make final profits from point-of-sale attacks before the more secure chip-and-PIN technology is adopted in the U.S. in October, the firm said. Data breaches at healthcare facilities are also likely to increase due to the increasing use of electronic medical records and wearable technology, Experian said. Third-party breaches also will increase due to the increased use of the Internet of Things, the firm said. Despite the increased threat from outside actors, employees’ mistakes will remain the main threat to corporations’ cybersecurity, Experian said. Only 54 percent of companies say they provide security awareness training to employees, far lower than what’s needed to make a “significant dent” in breaches during the coming year, the firm said.