Data breaches jumped from about 1,700 incidents in 2012 to 2,200 in 2013, according to an end-of-the-year report from financial information services firm Experian. The firm forecast that at least two-thirds of companies will buy cyber-breach insurance by the end of 2014. Many of those, the report said, will be in health-care sector as more doctors and hospitals put their data in online databases.
One in four Americans has received at least one notice of a data breach, said Michael Bruemmer, vice president of data breach resolution at Experian's consumer services unit. That's led to apathy from some consumers who are tired of changing their passwords and canceling their credit cards — a trend that Bruemmer calls "data breach fatigue."
But not all consumers are taking the growing number of breaches lying down; Bruemmer said that there's also been a spike in lawsuits against companies whose systems are cracked into by cybercriminals.
"There's been a corresponding increase in class-action lawsuits, and I think you'll see that into 2014," he said.