August 14, 2015
Organisations are more aware and spending more on IT security, but that is not necessarily translating to a lower exposure to ‘cyber risk’ – or the risk of financial loss, disruption or damage to an organisation’s reputation from cyber-attacks and cybercrime.
“[Enterprises] have put a lot of money into security and [IT] transformation programmes, but the cyber risk has not gone down – or it has even gone up,” said Paul O’Rourke, EY Asia Pacific Cyber Security lead.
“Even those that spend significant dollars on security … are the ones that are consistently being compromised and reported on,” he told Digital News Asia in Singapore recently.