The number of detected security incidents has been increasing this lately. According to PwC, in 2015 the number was increasing 38% compared to a year earlier. The total number of incidents captured in the survey now stands at 59 million, although the true figure is likely to be much higher. “The numbers have become numbing … prevention and detection methods have proved largely ineffective,” says the PwC report.
Hackers are getting better and businesses are increasingly at risk, according to a new report from global security consultants PwC. Worryingly for corporate digital security chiefs, this problem is expected to get worse as the Internet of Things gains in popularity.
These digital break-ins cost the global economy somewhere between $375 to $575 billion a year, according to a 2014 study (PDF) by the Center for Strategic and International Studies.
Beside cybercrime, cloud-connected devices also jumped into 152% in 2015 compared to the year earlier, PwC says. That’s hacking of things like wearables, “smart” lighting systems and other embedded sensors in the corporate environment. And over the next five years, the world of such devices, or “Internet of Things” (IoT) is expected to grow from 13 billion devices to 30 billion, according to research firm IDC. That means there will be a lot more devices to hack.