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Global companies to hike security spending as threats rise, ET Telecom

A survey of 1,775 security chiefs conducted by security firm Allied Universal found that nearly half of respondents plan to significantly increase their budgets due to rising theft, fraud and information leaks linked to economic and social unrest. In 2022, the reviewed companies lost over $1 trillion due to non-cybersecurity incidents. Furthermore, 42% intend to invest in AI and AI-powered surveillance to detect threats more quickly. Allied Universal owns British security group G4S.

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