Ninety percent of companies in an Experian survey admit they had at least one global data breach in the past five years, yet 32% have no incident response plan in place.

"Data Protection Risks & Regulations in the Global Economy," sponsored by Experian Data Breach Resolution, surveyed 558 individuals involved with their companies' global privacy and data security regulations to reveal their overall level of understanding and capability to mitigate emerging international risks. Financial services (19% of respondents) was the largest segment surveyed.

The survey discovered companies' overall security measures and policies are inadequate to manage global breaches. In fact:

• 49% of organizations stated they have outdated and inadequate existing security solutions to manage a global data breach.
• 40% said they had the right security technologies to adequately protect information assets and IT infrastructure in all overseas locations.
• 39% believed they provide the right policies and procedures to protect information assets and critical infrastructure in all overseas locations.

The survey also sought to reveal how prepared U.S. companies are to face an ever-changing global regulatory landscape such as the European Union's General Data Protection Regulation, scheduled to go into effect in May 2018.