A new survey has found that firms in Europe are finally shifting focus when it comes to cybercrime and establishing response plans alongside prevention strategies.
Pierre Audoin Consultants (PAC) polled 200 enterprises in the UK, France and Germany, finding that “detect and respond” capabilities account for 23 per cent of IT security spending today and that the figure is expected to grow to 39 per cent by 2017.
The results show how firms are coming to accept that cyber attacks are inevitable, PAC stated, with two-thirds (67 per cent) of respondents having experienced a data breach in the past year alone.
According to the consultancy, it currently takes between one and six man months for an enterprise to recover from such an incident and costs an average of €75,000 (£55,000).
“Rather than spending a majority of security budget on prevention, firms will apply a more balanced approach to budgeting for cyber attacks [in the future],” said Duncan Brown, PAC research director.
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