Times of India reports that with hackers stealing tens of millions of customer details in recent months, firms across the globe are ratcheting up IT security and nervously wondering which of them is next. The reality, cyber security experts say, is that however much they spend, even the largest companies are unlikely to be able to stop their systems being breached. The best defence may simply be either to reduce the data they hold or encrypt it so well that if stolen it will remain useless. Only a few years ago, the primary IT security concern for many large corporations was stopping the loss or theft of physical disks or drives with customer information. Now, much harder to detect online thefts are rife. Last week, Reuters revealed a host of US Fortune 500 companies were on a hiring spree for board level cyber security experts often offering $500,000-700,000 a year or more.
Data storage and security is probably a cat and mouse game with hackers and the companies trying to outdo the other and play catch up.
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