Half of companies don't allow cyber risks to stand in the way of them adopting new technology, but one in four said the risks outweigh the benefits, according to a report by Microsoft and Marsh. The authors surveyed more than 1,500 senior business executives, and 79% said cyber risk was "at least a top five" worry, more than economic uncertainty at 59%. In addition, nearly half (47% ) of those polled said they were concerned about their company's ability to compete with other firms that have adopted cybersecurity technologies.
Half of companies don't allow cyber risks to stand in the way of them adopting new technology, but one in four said the risks outweigh the benefits, according to a report by Microsoft and Marsh. The authors surveyed more than 1,500 senior business executives, and 79% said cyber risk was "at least a top five" worry, more than economic uncertainty at 59%. Cybersecurity spending this year is set to top $124bn, according to Gartner.