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Just 24% of U.S. firms have no cybersecurity insurance, down from 50% in 2017. (iStock) Just 24% of U.S. firms have no cybersecurity insurance, down from 50% in 2017. (iStock)

For most companies today, the threat of cybercrime or a major data breach is not a case of if, but when hackers will strike.

More than half (56%) of respondents to Experian’s 2018 Data Breach Preparedness Study reported their organization had experienced a breach, and 70% reported multiple breaches. According to the study, while 88% of organizations have a data breach plan in place, less than half of respondents think it’s effective.

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