Organizations that have experienced a breach report that three lessons they learned were to limit the amount of personal information collected, limit sharing data with third parties and limit the amount of data stored, a new survey shows.
A breach is a disaster, says business continuity specialist Ken Schroeder. So organizing an effective breach-response team does not require a reinvention of the wheel. What it does require is a holistic approach.
Save Mart, the Modesto, Calif.-based grocery chain, now confirms that skimming devices are to blame for the data breach believed to have exposed hundreds of consumer accounts to debit and credit card fraud.
Edward DeMarco Jr. of the Risk Management Association understands the regulatory challenges financial institutions will face in 2012. But to overcome those hurdles, improved communication is needed across the enterprise.
As legal issues surrounding data breaches become increasingly complex, more organizations are turning to attorneys for post-breach response, says Lisa Sotto, a managing partner for New York-based law firm Hunton & Williams.