International companies remain blasé about the threat of cyberattacks, despite a number of high-profile and costly breaches, according to a major survey out on Wednesday.
However, nearly half of top executives still view cybercrime as a low risk, an annual survey by professional services firm EY found. This was based on phone interviews with 2,700 managers across 59 countries in the Americas, Asia-Pacific, Europe, the Middle East and Africa.
"It may be that the nature of the threat is misunderstood, with 48 percent of respondents being most concerned with the risks posed by hackers, compared with significantly lower proportions concerned by potentially more damaging threats such as organized crime or 'advanced persistent threats,'" said David Stulb, head of fraud investigation and dispute services, in EY's 13th global fraud report.
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