They invest significant amounts to protect themselves, as the number of breaches security rises.EY's 16th annual report, "Global Information Security Survey 2013- Under cyber-attack"Records the level of information and action of companies to respond to cyber threats and surveys the opinions of more than 1.900 senior executives worldwide.
This year's results show that companies continue to invest substantial amounts to protect themselves from cyber attacks as the number of security breaches increases. The question is no longer whether, but when a company will be a target of attack.
31% of respondents reported that the number of security incidents in businesses has grown by at least 5%, the last 12 months. Many have become aware of the extent and depth of the threat they face, and so 70% of companies is now responsible for information security at the top level of hierarchy.
Despite the fact that half of respondents plan to increase their budget by 5% or more in the next 12 months, 65% say their number one challenge budgets are insufficient to meet levels operation that their business requires. Among businesses with revenues of up to $10 million, that percentage rises to 71%.
Among the budgets for the next twelve months, 14% covers security modernization and emerging technologies. As today's technologies are built into an organization's network and culture, businesses need to be aware of how workers use their devices both in the workplace and in their personal lives. This is particularly true in relation to social media, which respondents identify as the area where they still feel uncertain about their ability to cope with the dangers.
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