While the number of cybercrime incidents and the monetary losses associated with them continue to rise, most U.S. organizations’ cybersecurity capabilities don’t rival the persistence and technological skills of their cyber adversaries, according to a new report released by consulting firm
The report, “The 2014 U.S. State of
The survey shows that 69 percent of U.S. respondents reported they were worried about the impact of cyber threats to their growth prospects, compared with 49 percent of global CEOs.
“Cyber criminals evolve their tactics very rapidly, and the repercussions of cybercrime are overwhelming for any single organization to combat alone,”
The average number of security incidents detected over the past year was 135 per organization, and 14 percent of the survey respondents said monetary losses attributed to cybercrime have increased. The actual costs remain largely unknown, the report says, as more than two-thirds of those who detected a security incident were not able to estimate the financial costs.
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