Cybersecurity investment a vital business priority, study says

November 24, 2021

Even as ransomware attacks rose 62% between 2019 and 2020, company investments in cybersecurity stayed flat during the COVID-19 pandemic, a recent study finds.

The survey of IT specialists, executives and senior leaders found average spending on cybersecurity during the pandemic rose less than 1%. And yet, 60% of respondents reported a major cybersecurity incident in the past three years.

The report, conducted by an international cybersecurity consultancy, expects cybersecurity budgets to increase by more than 8% over the next year. To tailor an effective cybersecurity strategy for your organization, consider these tips.

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