Cybersecurity spending up: BDO Survey

Published: Friday, 06 March 2015 14:49

In the last year many well-known organizations had to deal with cyberattacks and other data security issues, leaving many executives concerned about their own IT infrastructures and contingency plans. According to BDO USA, LLP's annual survey of 100 US technology CFOs, 67 percent have increased their spending on cybersecurity measures during the past year. Of those who have taken action, a vast majority (90 percent) has implemented new software security tools, 72 percent created a formal response plan for security breaches, 48 percent turned to an external security consultant and 30 percent hired a chief security officer.