[ISN] Survey: Nearly 1 in 4 IT firms suffered security breach

http://www.crainsdetroit.com/article/20150726/NEWS/307269992/survey-nearly-1-in-4-it-firms-suffered-security-breach By TOM HENDERSON Crain’s Detroit Business July 26, 2015 Twenty-three percent of executives at technology companies say their firms have suffered a security breach in the past 12 months, according to the national annual Technology Industry Business Outlook survey conducted by KPMG LLP, the audit, tax and advisory firm. Three-fourths of executives surveyed say their companies will spend between 1 percent and 5 percent of annual revenue on IT security in the next 12 months. “The survey findings on security are an important marker, since tech companies are the pacesetters in IT security. How much and where tech companies spend on IT security, and how successful they are, can serve as guides for all other industries,” Gary Matuszak, global chairman of KPMG’s technology, media and telecommunications practice, said in a release. The KPMG survey was of upper managers at 111 U.S.-based technology companies. Of the respondents, 54 percent were in companies with revenue of more than $1 billion a year, with the rest at companies with annual revenue between $100 million and $1 billion. […]