Finanical Times (UK) – Data breaches persuade companies to raise cyber security budgets

ftCompanies spend more on securing cloud computing and cyber analytics

High-profile data breaches will lead two-thirds of companies to raise their budgets for cyber security by at least 5 per cent over the next year. Companies are increasingly allocating money to securing cloud computing and towards analytics software that can monitor their networks and detect unusual activity, the EY consultancy found in a survey of 1,400 executives and IT professionals.

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