(Bloomberg) – U.S. companies and government agenciessuffered a record 1,093 data breaches last year, a 40 percentincrease from 2015, according to the  Identity TheftResource Center.

Headline-grabbing hacks, with victims ranging from Wendy's Co. to theDemocratic National Committee, are increasing despite regulatoryscrutiny and more aggressive cyber-securityspending. Worldwide spending on security-related hardware,software and services rose to $73.7 billion in 2016 from $68.2billion a year earlier, according to researcher IDC. Andthat number is expected to approach $90 billion in 2018.

Undiscovered and under-reported

"We are extremely confident that breaches are undiscovered andunder-reported, and we don't know the full scope," Eva CaseyVelasquez, chief executive officer of the Identity Theft ResourceCenter, said in an interview. "This isn't the worst-case scenariowe are looking at; this is the best-case scenario."

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