Top Five Data Breach Trend Predictions For 2017

As we begin the new year, companies are continuing to survey the ever-changing data-breach landscape and assess their own preparedness for the worst. And with data security threats becoming more complex, sophisticated, and diverse every year, it is no small task. For those of you wondering what data breach trends might look like this year, and what to do to avoid them, Experian Data Breach Resolution, drawing on its experience with over 17,000 data breaches over the last decade, offered the following five predictions in its 2017 Data Breach Industry Forecast:

Aftershock password breaches will expedite the death of the password.

What and Why: Companies will face the consequences of previous data breaches, as username and password information breached years prior (and often from an unrelated company) is continued to be sold through darknet markets. The Takeaway: Companies should consider (1) using multi-factor authentication to verify users to help solve the password reuse problem; (2) accounting for aftershock breaches in their data-breach response plans; and (3) educating customers about resetting their passwords and about the broader risk associated with password reuse across websites. Nation-state cyberattacks will move from espionage to war.

What and Why: Cyberattacks by hackers sponsored by foreign nations will likely continue to increase and escalate. Although these attacks are motivated by the desire to gain intelligence, they will lead to collateral damage to consumers and businesses through widespread outages or exposure of personal information. The Takeaway: Businesses should prepare for large-scale attacks, particularly if they are a part of critical infrastructure, by staying vigilant about their security measures and by considering purchasing proper insurance protection. Healthcare organizations will be the most targeted sector with new, sophisticated attacks emerging.

What and Why: Medical identity theft will remain cybercriminals' top target, as medical information is lucrative and easy to exploit. Experian predicts that in the new year mega breaches will move on from focusing on healthcare insurers to distributed hospital networks, which might have more security challenges compared to centralized organizations. Experian also predicts that electronic health records (EHRs) will likely be a primary target for attackers, since EHRs are widely used and are likely to touch a compromised computer. The top breach vector will likely...