Costa Mesa, Calif., May 4, 2015 -- Experian Data Breach Resolution and Ponemon Institute release the first industry study that closely examines payment technologies and how companies are managing the growing threat of data breaches. The study, Data Security in the Evolving Payments Ecosystem, asked professionals to weigh in on several topics including who should be responsible for securing payment systems and how effective their organizations is in preparing for and responding to a payment card breach.
"The mega payment card breaches last year put cybersecurity front and center for corporate America and consumers," said Michael Bruemmer, vice president, Experian Data Breach Resolution. "Companies in the payments industry face a huge challenge keeping up with securing new technologies to protect customer data and with cybercriminals who are trying to penetrate card systems 24-7. However, they are taking the right steps to shore up their defenses and prepare their incident response plan. Companies are concerned about the effect on consumers so it is encouraging to see a majority of respondents believe offering identity theft protection is a best practice in the event of a breach."
Study findings cover different aspects of the payment ecosystem, including:
New technologies bring consumer convenience and increased security concerns
Pressure to act is increasing
The Path Forward: While progress has been made, industry collaboration is lacking
To access the full complimentary report, Data Security in the Evolving Payments Ecosystem, visit bit.ly/1Fc7mGB .
Additional data breach resources, including Webinars, white papers and videos, can be found at www.experian.com/databreach . Read the Experian Data Breach Resolution blog by visiting www.experian.com/dbblog .
About Experian Data Breach Resolution
Experian Data Breach Resolution, powered by the nation's largest credit bureau, is a leader in helping businesses prepare for a data breach and mitigate consumer risk following breach incidents. With more than a decade of experience, Experian Data Breach Resolution has successfully serviced some of the largest and highest-profile data breaches in history. The group offers swift and effective incident management, notification, call center support and fraud resolution services while serving millions of affected consumers with proven credit and identity protection products. In 2013, Experian Data Breach Resolution received the Customer Service Team of the Year award from the American Business Awards. Experian Data Breach Resolution is active with the International Association of Privacy Professionals, the Health Care Compliance Association, the American Health Lawyers Association, the Ponemon Institute RIM Council and InfraGuard and is a founding member of the Medical Identity Fraud Alliance. For more information, visit www.experian.com/databreach and follow us on Twitter: @Experian_DBR.
About Experian
We are the leading global information services company, providing data and analytical tools to our clients around the world. We help businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. We also help people to check their credit report and credit score, and protect against identity theft. In 2014, we were named by Forbes magazine as one of the "World's Most Innovative Companies."
We employ approximately 16,000 people in 39 countries and our corporate headquarters are in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2014, was US$4.8 billion.
To find out more about our company, please visit www.experianplc.com or watch our documentary, "Inside Experian."
The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information: bankcardlife.com?orid=33533&opid=1 .
Source: Company press release.
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