Midlands companies risking information security - claim
Companies in the Midlands could be putting the security of their data at risk by underinvestment, it has been claimed.
Data from PricewaterhouseCoopers (PwC) indicates just 31 per cent of UK companies plan to increase their spending on information security, compared to 52 per cent globally.
This is despite a worldwide rise in the impact of security breaches, including financial losses and brand and reputation losses, which in some cases have risen by 233 per cent in the last four years.
Neil Ward, information security specialist at PwC in the Midlands, said: “In the post-recessionary climate, it is perhaps not too surprising that Midlands businesses are less willing to spend on security.
“Yet such spending restraints could seriously undermine the ability of organisations to protect their most sensitive data.”
In addition, Ward highlighted social networking applications as a potentially growing threat, with only 32 per cent of UK businesses adequately prepared.
