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Canadian cyber security spending lagging: survey

telecom | 05/24/2017 11:33 am EDT

Investments in cyber security are not keeping up with the pace of potential future hacking attempts at Canadian companies, according to a new survey. About 46 per cent of executives at 50 Canadian companies surveyed via telephone by market research company Ovum on behalf of analytics company Fico said their organizations’ investments in cyber security will increase in a year, despite 76 per cent saying data breach attempts will be higher over the same period, according to a Tuesday press release. “The stakes are higher now — with Canada’s Digital Privacy Act requiring...