Survey: Corporate Espionage Rated as a Top Risk - Assessments Become Common

A large number of companies feel the existing security standards, legal, regulatory and compliance frameworks in the industry were not adequate to support corporate security requirements, a survey by PwC India and American Society for Industrial Security (ASIS) said.

The survey revealed that cybercrime and corporate espionage have been rated as two of the most serious threats to organizations in the coming years.

More than half the respondents felt precautionary and preventive measures taken is still not adequate...

The survey also highlighted that about 73 per cent of the respondents felt that the number of security incidents had increased in the past two years and would continue over the next two years.

While five years back physical security assessment was rare and uncommon, today almost 46 per cent of the organizations surveyed conduct a physical security risk assessment once a year, whereas 17 per cent do it monthly. more