ENP Newswire -
Release date- 24092013 - Silicon Valley Bank Survey Finds Tech Companies Preparing for When, Not If, Cyber Attacks Occur.
The full report, 'Cyber Security Impact on Innovation,' was part of a discussion led by
'The survey shows us the threat of a cyber attack is not just hype. A surprising number of technology companies we heard from say the threat to their IP and their business is very serious,' said
Nearly all (98 percent) of companies are maintaining or increasing their cyber security resources and of those, half are increasing resources devoted to online attacks this year. Resources are most likely to be invested in monitoring, preventative policies, training and staffing rather than in preventative infrastructure, indicating they are planning for when, not if, they are attacked.
While most respondents were moderately confident in the security of their information, they were less confident in their partners', vendors' and clients' security measures. Most respondents are storing their data privately, showing a lower appetite for storing their information in the public cloud. Software companies were the exception with 59% using the public cloud, versus more private behavior by hardware, healthcare and cleantech companies.
Forty-six percent of companies, whose main offering is not security, include cyber security functionality in their product and 8% more plan to add a cyber security component to their core offering.
The study, based on a survey of 216 executives of technology-based companies, is the first in a series of pulse surveys of
October is National Cyber Security Awareness Month sponsored by the
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