October 24, 2013, 4:48 PM — CIOs and IT security teams generally aren't keeping up with technology attacks from around the world, which are growing in number and severity. Figuring out how to manage trouble directed at cloud computing and consumer technologies, in particular, vexes corporate IT groups, according to the 11th annual Global Information Security Survey magazines.
Overall, organizations are spending more on IT security, with an average budget of $4.3 million this year compared to $2.8 million last year. But computer criminals keep coming. The number of attacks the average organization detected in the past year increased 25% to 3,741, up from 2,989 last year, according to the survey of more than 9,600 C-level executives, vice presidents and directors worldwide.
The average loss per incident climbed, too--by 18%. And large-scale losses grew even faster: Incidents costing more than $10 million are up 51% from two years ago.