In our 12th annual Data Breach Industry Forecast, our focus covers a wide swath of attacks from the personal (teens exploitation), corporate (increases in internal fraud), national (using dynamic identification as a fraud defense), and global (bad actors pursuing data centers). Spanning all these predictions is the dramatically accelerated speed and scaling of cyberattacks that are AI-enabled. This year’s predictions come from Experian’s long history of helping companies navigate breaches over the past 22 years.

In our 11th annual Data Breach Industry Forecast, we looked more broadly than ever before at trends and data on a global scale as data breaches have no borders. This, along with the fact that nationstate-sponsored gangs and attacks are becoming increasingly more strategic and purposeful due to political conflicts or interests, made it fitting to expand our lens. Our predictions come from Experian’s long history of helping companies navigate breaches over the past 21 years. Here’s where we expect to see some hard to believe, but possible developments in the world of data security incidents in 2024.

This report includes incidents that occurred during 2015-2019. A total of 3,547 claims were analyzed, and data was distilled into over 100 categories. To compare, the fifth Cyber Claims Study, published in 2015, analyzed 207 cyber insurance claims. While many of the categories over the last five years have remained the same, the data has changed, sometimes dramatically.

Experian’s 2020 Global Identity & Fraud Report explores inconsistencies between businesses’ views of their ability to meet their customers’ needs, and customer experiences with those businesses. It also underscores the opportunity for companies like yours to differentiate from the competition through the ways you engage with customers, with emphasis on how you identify and recognise them each time they interact with your business. Experian appreciates that many companies find it challenging to evolve traditional business models in order to meet the expectations of ‘always-on’ customers. But we also believe that customers’ identity verification and ongoing recognition (re-recognition) can be driving forces for greatly improved and more profitable customer relationships.

This paper outlines five predictions for the data breach industry in the coming year.

To help organizations prepare for what lies ahead and ensure incident response plans are ready for the evolving data breach environment, Experian Data Breach Resolution has outlined five predictions for what we can expect in 2016.

To help businesses understand implications of such changes and navigate the road ahead, Experian Data Breach Resolution has developed six key predictions about how the data breach industry will evolve in 2015. These predictions are based on experience helping more than 3,000 companies manage breaches of all types in 2014 and conversations with leaders across the security landscape. With this mindset, they also looked back at how our 2014 predictions played out.