Security Spending Doubles but Two-Fifths of Firms Suffer Breaches

Cybersecurity spending across the US and Europe has surged over the past year, but so too have security breaches, from 38% to 43% of businesses surveyed by Hiscox. The insurer’s annual Hiscox Cyber Readiness report has become a useful gauge of how mature and effective organizations’ cybersecurity strategies are.

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