Insurers are spending more on security than ever before. However, incidents have increased by 54 percent in the past 12 months due to cyber attacks, said PwC.
Of the 90 insurers responding to “The Global State of Information Security Survey2014,” 39 percent said monitoring and addressing new threats and vulnerabilities pose a “significant challenge” for the future success of their organization’s information security. And, they’re ready to make investments to do so.
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