Global Information Security Survey: Of 9,600-plus business and technology execs surveyed, 43 percent identify themselves as security frontrunners. The survey was conducted by CIO’s sister publication CSO magazine and PricewaterhouseCoopers. 51 percent of respondents said they were postponing security-related capital expenditures, up from 46 percent last year. Security breaches can leak product designs, ruin reputations and make a company less competitive, says BAE Systems Intelligence and Security officer Robert Fecteau. “Everything that you thought you saved in budget cutbacks will be lost,” he says.”]
Source: https://www.csoonline.com/article/2129674/are-cios-too-cocky-about-security-.html