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Accenture says one-third of corporate cyber attacks succeed

The 'alarmingly high' failure rate in defending against attacks is compounded by their 'sheer volume.'

By Matthew Kalman | Updated on November 02, 2016
Each year, businesses spend an estimated $84 billion to defend against data theft that costs them about $2 trillion — damage that could rise to $90 trillion a year by 2030 if current trends continue. (Photo: iStock)

(Bloomberg) – About one-third of targeted attempts to breach corporations’ cyber defenses succeed but three-quarters of executives remain unaccountably confident in their security strategies, Accenture Plc. reported Wednesday in a survey of 2,000 security officers representing large enterprises worldwide.

The “alarmingly high” failure rate in defending against attacks is compounded by their “sheer volume,” Accenture said in the report, titled Building Confidence: Facing the Cybersecurity Conundrum. 

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