India: 20% surge in average business losses from security breaches, says PwC

PricewaterhouseCoopers L.L.P. has said in a report that there has been a 20% increase in the average business losses suffered by Indian firms due to security breaches, India Security World reports.

Average costs of security for organizations have more than doubled to $414 in 2014. The report said that despite an increase in such threats, no increase in security spending by the firms has been noticed. A PwC official said cyber security is "now a persistent business risk."

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