Executives overestimate cybersecurity levels

Many business leaders are far too optimistic about their companies’ ability to deal with security issues and cyberattacks, warns a report published by PwC, the professional services firm. PwC’s 2013 Global State of Information Security Survey reveals that executives are confident that they’re winning the high-stakes game of information security and believe their companies are leaders in information security. But PwC says that there is a marked discrepancy between this optimism and reality. Rather it warns that the rise in global security incidents, diminished budgets and degrading security programs have left organizations to deal with security risks that are neither well understood nor consistently addressed.