Cybercrime Incidents, Associated Financial Costs Surge While Organizations Still Unprepared: Survey
Acccording to the 2014 U.S. State of Cybercrime Survey, most U.S. organizations' cybersecurity capabilities do not rival the persistence and technological skills of their cyber adversaries.
According to the report, only 38 percent of companies have a methodology to prioritize security investments based on risk and impact to business strategy. "Cyber criminals evolve their tactics very rapidly, and the repercussions of cybercrime are overwhelming for any single organization to combat alone. It's imperative that private and public organizations collaborate to combat cybercrime and gain intelligence about security threats and how to respond to them. A united response will prove to be an indispensable tool in advancing the state of cybersecurity," said David Burg, PwC's Global and U.S. Advisory Cybersecurity Leader.