Accounting firm BDO USA surveyed 100 CFOs from U.S. technology companies and found 67 percent have increased spending on cybersecurity measures in the past 12 months, 90 percent of which implemented new software security tools and 72 percent of which created a formal response plan for breaches, according to the report.
CFOs are solidifying their role in cybersecurity discussions, as many organizations are buying new tools and technologies to handle threats, according to the report.
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