Nearly half of the US’ fastest-growing companies suffered a recent breach in information security, according to a survey released Monday by consulting giant PricewaterhouseCoopers.The poll of CEOs from over 400 firms — companies with revenues ranging from $5 million to $150 million which Pricewaterhouse dubs ‘trendsetters’ and tracks on an ongoing basis — uncovered a disturbing trend: smaller organizations haven’t responded to such breaches, and the ensuing losses, by beefing up their security budgets.<\/p>\n","protected":false},"excerpt":{"rendered":"
“Earlier this year, we saw the security budgets in large organization increasing,” said Mark Lobel, the senior manager for security and privacy services at PricewaterhouseCoopers, and the author of the survey results.<\/p>\n
“But we’re seeing these fast-growing companies not spending as consistently as their more mature brethren.<\/p>\n
According to the survey, 46 percent of the fast-growing companies polled said they had been the victim of a recent security breach.<\/p>\n
Hackers were cited as the source of 61 percent of the attacks, followed by e-mail at 27 percent.<\/p>\n
Attacks by unauthorized users and employees, former employees, and competitors, however, accounted for more than 1 out of every 10 attacks.<\/p>\n
Of those companies which admitted to a security breach, 83 percent reported at least some monetary loss — ranging from network downtime and lost or damaged customer records to direct financial losses and identity theft.<\/p>\n
More info: [url=http:\/\/www.techweb.com\/wire\/story\/TWB20031124S0008]http:\/\/www.techweb.com\/wire\/story\/TWB20031124S0008[\/url]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-2021","post","type-post","status-publish","format-standard","hentry","category-trends"],"_links":{"self":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/2021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=2021"}],"version-history":[{"count":1,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/2021\/revisions"}],"predecessor-version":[{"id":4508,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/2021\/revisions\/4508"}],"wp:attachment":[{"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=2021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=2021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cybersecurityinstitute.com\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=2021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}