Report: Companies increasing investments in cybersecurity

Seventy percent of companies have increased funding for cybersecurity, with an average budget expansion of 22 percent in the past year, according to a new report by accounting firm BDO.

The survey of 150 corporate directors of American public company boards reveals that 69 percent of board members are more involved than they were a year ago.

Further, 87 percent of directors said they are briefed on cybersecurity at least ones per year, with 33 percent indicating they are...