Global companies to hike security spending as threats rise

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

By Kate Holton LONDON (Reuters) - Almost half of security chiefs at the world's biggest companies expect to increase their budgets significantly in the ...

Heading to Principal’s Office for a Pint: Windsor’s Schoolhouse Brewery | SaltWireLONDON - 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines