New research reveals that almost half of firms with cyber insurance are unsure if their policy is up-to-date for covering new cyber social engineering attacks.
Cyber insurance purchases are on the rise. According to Marsh’s 2016 Cyber Benchmarking Trendsreport, there was a 27-percent increase in the number of U.S. clients purchasing standalone cyber coverage for the first time in 2015.
As cybersecurity risks increase, security budgets across various industries are growing, according to a survey from The Institute of Information Security Professionals (IISP).
It looks like 2016 is set to be the year when Information Security gets serious. This year is predicted to break records in terms of investment in cybersecurity measures, with organizations predicted to allocate nearly nine percent of their entire IT budget to security.
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