For certain industries, it is becoming increasingly clear that 2015 will bring numerous costly data breaches unless steps are taken to improve security.
Consider the outlook for the health care industry. A recent article on Government Health IT estimates that data breaches will hit this sector of the economy particularly hard in the coming year due to the sheer amount of patient data that is becoming digitized. In addition, Experian's Data Breach Industry Forecast for 2015 predicts that the prevalence of wearables and the expansion of cloud computing will contribute to this problem.
For example, Independence Blue Cross reported last week that a data breach affected 12,500 of its members. With such a large target that continues to grow every day, it is easy to imagine how identity thieves may be tempted to strike other insurance providers.
However, it is important to remember that the health care industry will not be the only victim. Other industries, including retail, are increasingly digitizing their crucial information, leaving themselves vulnerable to breaches. Even after the holiday season comes to a close and sales slow down, retailers must take steps to ensure that their customers are protected.
For many firms, 2015 appears to be the right time to invest in point of sale credit card processing software that is known for its safety and security. This is a long-term investment that will help give both customers and retailers the peace of mind that they will not need to concern themselves with a high risk of data breaches.