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Data breaches become the ‘crisis de jour’ in Q2

Statements related to financial misdeeds declined 27.9%.

By CBR Staff Writer

Data breach and other cyber-related public statements increased 19.6% in the second quarter of 2015, according to new data from CrisisReponsePro.com.

The data has however revealed that statements associated to financial issues declined 27.9% in Q2 when compared to Q1.

Financial-related crisis statements currently represent only 5.4% of the total public statements collected, a decrease of 8.6% when compared to last year.

CrisisResponsePro.com founder and CEO Jim Haggerty said: "Data breaches are the crisis de jour.

"We’ve been cataloging these statements on a daily basis since 2013, and what is most remarkable is the rise in public responses when a data breach or other IT crisis hits.

In 2013, CrisisResponsePro.com software recorded less than 30 public statements associated to data breaches or other cyber-related crisis events.

About 130 cyber-related public statements were collected last year, while in 2015, the web startup plans to catalog about 300 data breach communications.

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The web startup said public response to legal issues, accidents and product or service issues remained steady during the past year and still dominate the statistics despite the increase of cyber-related crisis response.

Legal issues accounted for 24% of the statements in the initial two quarters of this year and 22% of 2014 statements, while accidents represented 16.7% of public statements in 2015 and 17% in 2014.

Product or service issues represented 15% of public statements in both the years

With respect to the drop in public statements related to financial matters in this most recent quarter, Haggerty said: "We’ve seen a steady decline in statements related to financial crises over the past several quarters.

"We suspect that as the 2008 financial crisis and its aftermath fades in our collective consciousness, so too does the need to confront the type of public crisis that would have landed a company on the front page just a few years ago."

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