Retailers Overconfident About Cyber Crime: Report

While retail and consumer executives are spending less on security due to insufficient capital, cyber-crime incidents across the industry are on the rise, according to a report from PwC.

LONDON — While retail and consumer executives are spending less on security due to insufficient capital, cyber-crime incidents across the industry are on the rise, according to a report from PwC here.

Nearly three quarters (72%) of respondents said they are either very confident (35%) or somewhat confident (37%) that their information security practices are effective; however, according to PwC, companies may be developing a false sense of security.

The report, "R&C

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