As business leaders become more ‘cyber aware’ concerns over data security shift from awareness to action. Organisations around the globe are increasing security spending, but have they prioritised budgets correctly or are they just throwing money at the problem?
There are many opportunities and benefits provided by doing business in a hyper-connected word but they come with risks. I read a report by the World Economic Forum recently that draws some interesting conclusions about information security practices and risk budgets.
Increasing threats
High profile security breaches, data loss and hackings hit headlines on a regular basis. We are doing business in world where a large organisation can be targeted by 10,000 attacks a day and the resulting costs are growing. Cyber Risk is a global priority and both large and small organisations are encouraged to act now.
