Cyber Data Risk Managers Releases “2013 Data Privacy, Information Security and Cyber Insurance Trends Report”

Just like it’s long title suggest, the “2013 Data Privacy, Information Security and Cyber Insurance Trends Report” released this week by the Cyber Data Risk Managers is an extensive list of industry experts offering thoughts on all things data privacy, information security, cyber insurance and data breach trends.  Both Rick Kam, President and co-founder of ID Experts, and Dr. Larry Ponemon, Chairman & Founder of the Ponemon Institute are quoted in the report.

Rick Kam – CIPP/US, President and Co-Founder, ID Experts

“Data breaches are now part of doing business. To help address this, organizations need to operationalize pre-breach and post-breach processes,” said Rick Kam, president and co-founder of ID Experts. “Looking ahead to 2013, organizations should also update their policies and procedures to include mobile devices and cloud, since these pose high risk areas for data.”

Dr. Larry Ponemon – Chairman and Founder, Ponemon Institute

Question: Why do you think the organizations that you have interviewed through your research are not rushing to purchase cyber insurance? Especially when data breach costs continue to increase and cyber insurance can help cover the residual costs.

“Our research shows healthcare providers such as hospitals and clinics are late adopters when it comes to investments in data protection and information security. This is probably true for cyber insurance as well,” said Dr. Larry Ponemon, chairman and founder, Ponemon

 

You can download the whole report here: “2013 Data Privacy, Information Security and Cyber Insurance Trends Report”

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