A new survey claims Chinese companies in China as well as in Hong Kong have seen 969 percent increase in cybersecurity since 2014.

Chinese Companies Faces 900 Percent Increase In Cybersecurity Since 2014

The PwC’s Global State of Information Security survey adds there were just 241 security incidents in 2014 as per record, but until now in 2016 2,577 such cases have come to notice.

The reason mentioned for such high rate of increase is huge adoption of Internet of Things (IoT) devices like connecting wearables, webcams and home automation systems too.

The organization writes many of such adopted equipments are not equipped with adequate cybersecurity measures and so hackers find those easy to access.

PwC China and Hong Kong team leader for cybersecurity and privacy Kenneth Wong said, “The level of espionage or activity relating to cybersecurity incidents, such as data leakage or data theft is a lot higher [in China and Hong Kong] than any other countries.”

It is learned even though the incidents have hiked over the years but the total cybersecurity budgets for the Chinese companies have found been dropped 7.6 percent in 2016 from that of 2015.

The companies believe insiders are the most likely source of cybersecurity incidents and they accounted for 44 percent of the incidents.

It is high time for the companies in China and Hong Kong to educate their employees for better protection of their online presence against targeted malicious attacks.

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A new survey claims Chinese companies in China as well as in Hong Kong have seen 969 percent increase in cybersecurity since 2014. The PwC's Global State of Information Security survey adds there were just 241 security incidents in 2014 as per record, but until now in 2016 2,577 such...