A man holds a phone to his ear as he sits in his office with a large "security breach" alert on his computer screen. The good news is while concerns about cybercrime continue to rise, 91% of survey respondents said their company had an incident response plan in place in the event of a cyberattack. (Credit: Shutterstock)

A recent survey of risk managers by Nationwide revealed a substantial portion of large companies' budgets is going to fight cyberattacks. Nearly half of respondents said their company has dedicated 25%- 49% of their IT budget to cybersecurity and 68% expect those budgets will continue to grow.

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Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].

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Cybersecurity