According to a new Accenture report, Australian businesses are boosting their cyber security budgets.
Accenture’s State of Cybersecurity Resilience report gathered insight from over 4,400 executives globally and collected a variety of data about companies cyber safety spending and habits.
With the growing number of cyber threats increasing across the Australian tech landscape, businesses were found to be mobilising security resources, with eight in ten large Australian companies (84%) revealed to have increased spending on technology initiatives.
Although there was a reported increase in spending, companies still said they were struggling, with four in five respondents (81%) saying that “staying ahead of attackers” is a constant battle and the costs are unsustainable.
This is said to show a lack of alignment between business strategy and investment, with a lack of forward planning and struggle to keep up with new threats.
The companies that showed a large amount of cyber resilience generally returned better investment results, as they viewed security measures in a fundamentally crucial way.
Much of the positive reporting came from effective communications and…
