A survey of 1,775 chief security officers in 30 countries found their companies had lost more than $1 trillion in revenue in 2022 as a result of non-cyber security incidents, similar to the monetary impact of higher profile cyber attacks.
Asked what would happen to those budgets over the next year, 46% said they would "increase significantly". That would add to the growing cost that companies around the world have been grappling with, on everything from wages to energy. The report by Allied, which owns the British security group G4S, was designed to gauge the cost and scale of security breaches and what factors drive them.
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