Network breaches are up despite increased security spending, report says

11/1/2013 | American City Business Journals

Businesses are facing a sharp increase in the number of incidents that lead to network breaches, even as they increase investments on security, a report says. A survey of 1,900 executives by accounting firm Ernst & Young found that nearly a third saw a 5% or greater increase in cyberincidents in the previous year, and that while more than 90% increased spending on security, 83% said their security regimes still fall short.

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