Tech CFOs Counter Cybersecurity Threats

Chicago – March 4, 2015 – In the last year many well-known organizations had to deal with cyberattacks and other data security issues, leaving many executives concerned about their own IT infrastructures and contingency plans. According to BDO USA, LLP’s annual survey of 100 U.S. technology CFOs, 67 percent have increased their spending on cybersecurity measures during the past year. Of those who have taken action, a vast majority (90 percent) has implemented new software security tools, 72 percent created a formal response plan for security breaches, 48 percent turned to an external security consultant and 30 percent hired a chief security officer. On the heels of recent security risks, companies are also on edge when it comes to protecting their intellectual property (IP). Forty-seven percent say foreign IP infringements has had the greatest impact on their IP security, followed by changes in patent law (24 percent) and patent trolls (20 percent).  

 

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