Each year, millions of personal records are compromised as a result of corporate and institutional data breaches - despite the best efforts of companies. Businesses are acutely aware of the complex patchwork of regulations they must navigate in responding to a data breach, and they keep a close eye on the immediate costs of breach response. But many businesses overlook the longer term risks and costs of lost business that follow from a breach poorly handled. In fact, a recent study found that lost business now accounts for 65% of data breach costs, and that these costs are increasing at a rate of 30% a year.
How do you handle a data breach in a way that satisfies your customers and protects your business? ID Experts can help. We offer a full range of communication, advisory, protection and recovery services that help ensure positive experiences for breach victims and a positive outcome for your business. Our approach and experience help reduce out-of-pocket costs and exposure to future class-action litigation.
Learn more about ID Expert's data breach response services.