2014 to experience more cyber crimes: Report

Washington: Cyber crime reports have revealed that 2014 will experience more cyber attacks and corporations will have to conduct more boardroom scrutiny to manage their data supply chains.

Security firms Kroll and Experian reported that the corporate boards will have to intensely scrutinise how their C-suite executives are managing and protecting their data pipelines from problems that could lead to regulatory penalties, shareholder lawsuits and reputational damage. The number of data breaches reported are also expected to rise in 2014, the report added.