Locks and Security News: your weekly locks and security industry newsletter
17th April 2024 Issue no. 701

Your industry news - first

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Security spend by Indian firms has come down by 17 per cent

Average security spend by Indian firms has come down by 17 per cent to $ 4 million this year even as information security breaches have become more frequent and damaging. According to consultancy firm PwC, Indian companies spent an average of about $ 4.8 million on security last year.

This is despite the average cost of a security incident for Indian companies spiralling to $ 414 in 2014, from $ 194 in 2013.

22nd October 2014