59% increase cybersecurity spend

Almost three in five large businesses have increased cybersecurity spending because of the threat to their business, according to a major new global survey.

PwC’s 2017 Global State of Information Security Report, which surveyed 10,000 participants in 133 countries, found that 59% of respondents said they have increased cybersecurity spending as a result of digitisation of their business ecosystem.

It found that more than two out of five large businesses were subject to so-called phishing scams, where criminals try to obtain sensitive information such as usernames, passwords, credit card details and even money.