Despite heightened awareness and media coverage of safe cyber-practices, the number of data breaches both experienced and reported is expected to rise, with no signs of a slowdown.
That’s according to the 2014 Data Breach Industry Forecast from Experian Data Breach Resolution, which noted that several trends will shape business preparedness going forward, including the Affordable Care Act in the US and the international regulatory environment.
“Over the past year, we have handled more breaches for clients than ever before, so it was an opportune time to share our perspective with the industry,” said Michael Bruemmer, vice president at Experian Data Breach Resolution, in a statement. “Data breaches will likely happen, so it is important that organizations keep abreast of the latest cybersecurity news and trends.”
With the addition of the Healthcare Insurance Marketplace, thousands of individuals will be introduced into the healthcare system and possibly increase the vulnerability of the already-susceptible healthcare industry. When combined with new Health Insurance Portability and Accountability Act (HIPAA) data breach compliance rules that require more notification, the healthcare industry is likely to make the most breach headlines in 2014, Experian said.