According to PricewaterhouseCoopers’ Global State of Information Security Survey 2016, 38% more security incidents were detected in 2015 than in 2014. The theft of intellectual property increased 56% in that same time period, according to the report, which relies on survey responses from more than 10,000 C-suite executives, VPs, and directors of IT and security practices hailing from 127 countries.
At the same time, the survey shows that firms are taking steps to address these threats. Respondents said they boosted their information security budgets by 24% between 2014 and 2015, and report that financial losses decreased 5%. So it would seems that many firms are finding a way to stem the tide; but the seemingly endless deluge of threats requires a level of vigilance that simply wasn’t required in, say, 1995 when the movie Hackers was released. For the full article click here
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