Biz coughs up even less for security, despite mega breach losses

  • 1 October 2014
  • 0 replies
  • 169 views

Userlevel 7
By John Leyden, 1 Oct 2014
 
Information security budgets are falling despite a continuing rise in the number of attacks, according to a new report by management consultants PwC.
Detected security incidents have increased 66 per cent year-over-year since 2009, reaching the equivalent of 117,339 attacks per day, according to PwC's "The Global State of Information Security Survey 2015". The estimated reported average financial loss from cybersecurity incidents was $2.7m – a 34 per cent increase over 2013, according to PwC1.
 
However, despite the increase in attacks the survey found global information security budgets actually decreased four per cent when compared with 2013. Security spending as a percentage of IT budget has remained "stalled at 4 per cent or less" for the past five years.
 
The Register/ Article/ http://www.theregister.co.uk/2014/10/01/security_spending_down_pwc_survey_internet/

0 replies

Be the first to reply!

Reply