Locks and Security News: your weekly locks and security industry newsletter
20th May 2020 Issue no. 508
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