The IT security budget of 9% of companies is falling year on year, while 26% of companies have a budget that has remained unchanged, according to a survey carried out at the RSA Conference in San Francisco by Outpost 24. It also found that almost two-thirds of respondents said they did not know if their company's critical digital assets were secured. The cost of cyber crime has reached $5.2tn globally, according to Gartner. In an interview with Bloomberg, Mr Obama said: "We are going to be working very hard over the next few months and years to make sure we do everything possible to protect our networks from being hack@@
The IT security budget of 9% of companies is falling year on year, while 26% of companies have a budget that has remained unchanged, according to a survey carried out at the RSA Conference in San Francisco by Outpost 24. It also found that almost two-thirds of respondents said they did not know if their company's critical digital assets were secured. The cost of cyber crime has reached $5.2tn globally, according to Gartner. Bob Egner, the vice-president of Outpost 24, said board members and C-suite executives should ensure they have a thorough understanding of their company's security measures and risks.