#CyberFLASH: C-Suite Survey: Cybersecurity becomes a top priority after data breaches

1297454168430_ORIGINALCanadian businesses are pumping more money and resources into the battle against cyberattacks, taking action to ensure the security of corporate data.

The latest C-Suite survey of business executives shows that security budgets are increasing and firewalls are being beefed up, as anxiety over possible attacks on computer systems ratchets higher.

Indeed, the recent breaches aimed at customers of Target Corp., Home Depot Inc. and Apple Inc. have raised the profile of the issue to the point where many executives say they must act.

Almost half of those surveyed said they are more concerned about cybersecurity in light of the recent breaches.

Sixty percent have boosted computer-security budgets in the past two years, and 87 percent say they are now prepared for threats – although only 23 percent say they are “very well” prepared.

“I am thrilled to see it being more on the agenda, because it is something that corporations and society as a whole have not put adequate thought into,” said Rupert Duchesne, chief executive officer of Montreal-based Aimia Inc., the company that runs the Aeroplan points system and other international loyalty programs.

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