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Firms do not spend enough on info security

Digital transformation has escalated cyber threats further, yet companies are doing nowhere enough to tackle the risks, reports Hungarian Business Journal, made with 1,400 company leaders, IT managers, and information security experts from 60 countries.

The survey says that though an increasing number of companies realize the scale of data protection threats, they usually fail to spend enough on enhancing their cybersecurity.

However, with the digital transformation of companies already in progress, every decision-maker tends to spend more money on emerging technological solutions than last year. Between January 2017 and this March, about two billion pieces of personal and sensitive data found its way to unauthorized people.

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