Deloitte & Touches second annual security survey of more than 100 companies in the technology, media, entertainment and telecommunications industries. 46 percent of those same companies dont have a formal information security strategy in place. Only 5 percent of companies increased their security investment by 15 percent or more in the past year. Half of those surveyed allocated less than 3 percent of their IT budget to security. Only 62 percent of respondents believe that security is a key imperative at the board or executive level.”]
Source: https://www.csoonline.com/article/2122541/numbers—security–it-s-worse-than-they-think.html

