SINGAPORE (July 19): Asia Pacific companies may be loosening their purse strings on cyber security, but this may not necessarily yield the desired results, according to a new report by security company Palo Alto Networks. 

The State of Cyber Security in Asia-Pacific features survey data of over 500 industry professionals from five of the region’s key markets: Australia, China, Hong Kong, India and Singapore.

Based on its findings, the growth in cyber security budgets over the past two years have been most marked among organisations based in India (92%) and China (78%) – and much less so in Hong Kong (52%) and Australia (50%).

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