Most technology and healthcare companies believe cybersecurity is...
Most technology and healthcare companies believe cybersecurity is a serious threat to their data and business continuity, Silicon Valley Bank said Tuesday in a report based on a survey of 216 executives from technology companies. About 33 percent of the…
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executives said they were completely confident in their companies’ information security, the bank said. Nearly all the executives -- 98 percent -- said they are maintaining or increasing their cybersecurity resources, including 50 percent who are increasing their cyber resources, the bank said. About 46 percent of the executives said their products include cybersecurity functionality, and an additional 8 percent plan to add cybersecurity functionality to their products. “Companies in the tech sector, particularly software companies, are feeling exposed, and increasingly having to expend resources to manage cyber attacks, rather than investing in the growth of their business,” said Bob Curley, Silicon Valley Bank managing director-corporate finance, in a news release (http://bit.ly/1b9QaE9).