Cyber security threats up 10 times
TheThe average average number numberof informationof information security security incidents incidents detected detectedby Chineseby Chinese companies companies has increasedhas over increased900 percentover since900 percent2014, accordingsince 2014,to a survey according conducted to a surveyby internationalconducted by accountinginternational firm PricewaterhouseCoopersaccounting firm PricewaterhouseCoopers(PwC). (PwC).The survey showed that the internetThe surveyof things showed (IoT) that hasthe internetbecome a leadingof things target (IoT)of cyberhas becomeattacks, thougha leadingjust 57 target percent of of cyber Chinese attacks, respondents though are just investing57 percentin a relatedof Chinese security strategy.respondents The are average investing numberin a related of security detected strategy. information security incidentsThe averageby survey number respondentsof detectedin the Chinese information mainland security and incidentsHong Kong by reached survey 2,577 respondents over the last in 12 the months, Chinese marking mainland a and 969 percentHong Kong increase reached from 2,577 2014, overand the more last than12 months, doubling markinga969percent the average recorded increasefromin 2015. 2014,In contrast,and more an than average doubling of
Samuel Sinn, Cybersecurity & Privacy Partner, PwC China 4,782 detected incidents was reported worldwide in 2016, a 3 percent drop from the global average number of detected incidents reported in 2014.
The survey said there had been a decrease in the information security budgets of the Chinese mainland and Hong Kong companiesThe surveyin 2016,said therewith a had 7.6 respondentspercent decline year-on-year. acknowledged that Even digitisationso, 88 percent has of influenced those respondentstheir information acknowledged security that digitisation spending has in influenced2016. They their highlighted information the security need spendingto align cyberin 2016. securityThey highlightedwith business the strategyneed to align and cybersaid that security security with governancebusiness strategywas a and top said priority that for security spending governanceover the was period.a top priority Moreover,for spending31.5 percentover theof respondentsperiod. from the Chinese mainland Moreover, and 31.5 Hong percent Kong of stated respondentsa specific from intentionthe Chineseto invest mainland in and advancedHong Kong security stated technologies,a specific intention including to artificial invest in advanced intelligence security and technologies,machine learning including technologies. artificial intelligence The securityand machineof IoT learningdevices has technologies. received widespread attention.The security Rapidof IoT adoptiondevices hasof IoT receivedand lack widespreadof security attention.awareness Rapid about adoption IoT of productsIoT and lackis drivingof security an awareness increase aboutin webcams IoT products or is home driving automationan increase devicesin webcams being or home targeted automationand breached devices by being cybercriminals.targeted and breached“We can by see cybercriminals.that some for-
Forward-lookingForward-looking companies...companies... are increasingare increasing investment investmentin cyberin cyber security security technology.” technology.” Cybersecurity & Privacy Partner, PwC China the average number of information security incidents detected by survey respondents in China over the last 12 months