With all of the data and information out there, the next challenge is making sure it is secure, the report said. Beyond data protection, companies also must defend their intellectual property from attacks to make sure they are able to stay competitive in the marketplace.
"Companies need to ensure that their systems are accessible to their friends and unavailable to their enemies -- and sometimes it's hard to tell which is which," the study stated.
And the threats are getting even more expensive to defend against, a new study by the Ponemon Institute said. The study placed the annual cost to a company to fight against cybercrime at close to $12 million, an increase of 26 percent over 2012.