A recent survey, commissioned by SecureAuth in conjunction with Wakefield, revealed responses from more than 300 IT security professionals in the U.S. on their perspectives on passwords, authentication methods and cybersecurity budgets. The data indicates that businesses nationwide are increasing their cybersecurity budgets and exploring alternative authentication techniques to passwords.
Close to 60 percent of professionals surveyed said their company experienced a data breach in the last 12 months, while a whopping 95 percent of respondents think their companies will increase security spending in the next year. Of that number, nearly half (44 percent) expect to do so by 20 percent or more than the previous year.
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