Blog | G5 Cyber Security

40% Of Asian Companies Report Significant Economic Loss From Data Breaches

Only 35% of Asian companies are confident they have not had a data breach in the past year. Financial services firms the worst hit, with financial services firms worst hit. 85% of companies in Asia believe their own IT security systems are trustworthy. 47% of business leaders agree that collaborating with industry by increasing the disclosure of breaches when they happen can minimise damage. But collaboration remains rare, with companies unwilling to disclose the occurrence of customer information breaches with the media or competitors. The Economist Intelligence Unit (EIU) is the worlds leading resource for economic and business research, forecasting and analysis.”]

Source: https://informationsecuritybuzz.com/news/40-asian-companies-report-significant-economic-loss-data-breaches/

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