Ponemon: More Companies Form Data Breach Response Plans

A new report by the Ponemon Institute finds that 81% of executives have a data breach plan in place, but only 34% say they are “very effective” or “effective.”  The “Third Annual Study:  Is Your Company Ready for a Big Data Breach?” found that most data breach response plans were inadequate.  In addition, 35% of respondents said their organizations purchase cyber insurance or data breach insurance, up from 26% last year.