 TITLE: Survey: Companies Fear Data Breaches, Invest in Security CONTENT: Companies Are Increasingly Worried About Data Breaches\n------------------------------------------------------\nSince 2017, despite increased efforts to protect themselves, companies seem to be losing faith in their ability to successfully fend off a data breach or cyberattack. In the past two years, the share of those surveyed who said they were confident in their ability to protect their companies from spear-phishing attacks (fraudulent email campaigns used to trick people into handing over information) declined from 31% to 23%. When asked about their confidence in dealing with ransomware, 20% reported being confident in 2019, down from 21% two years ago.\nIn addition to spending more to protect against breaches, about half—49%—of those surveyed reported having some type of cyber security insurance. These insurance policies help protect against loss from both internal and external cyber crimes, according to the organizations. Over time, more companies plan to add this type of insurance, as 58% of respondents at uninsured companies reported they would begin carrying these types of protections in the next two years. END