Detected security incidents are down, security budgets are up.
What is the state of information security in the telecommunications sector?
Here’s what we learned from our 456 respondents:
Information security budgets increase significantly. Security budgets average $5.4 million this year, a gain of 35% over 2012. Telecom companies understand that today’s elevated threat landscape demands a substantial boost in security investment.
Among telecom respondents, detected security incidents and average financial losses have dropped significantly. Telecom respondents detected 17% fewer security incidents in the past 12 months, and financial losses associated with security incidents decreased 34%.