UK economy narrowly avoids a recessionLONDON - Almost half of security chiefs at the world's biggest companies expect to increase their budgets significantly in the next year as they see economic and social unrest driving more cases of theft, fraud and the leaking of sensitive information.
The World Security Report survey, the first time Allied has collated and published the thinking of so many large companies, questioned executives overseeing a combined $660 billion in security budgets in 2022, or 3.3% of their global revenue. "There is this social kind of impact or social motivation or political motivation whereby the bad actors are there to either hurt a company or socially and politically impact them," he said.
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