Corporate spend on cyber security is set to rise with improving awareness of cyber crime and data protection.
Research firm Ernst and Young in its global information security survey 2015 has estimated a 25 per cent increase in funding by the companies to protect their organisation in line with the management’s risk tolerance policy.
The survey covered 1,755 respondents from 67 countries and 25 industries, including banks, capital markets, technology, retail and public sector entities.
Data leakage and data loss prevention are identified as high priority areas over the next 12 months. Insider risk is also a cause for concern for corporate houses.