Cybersecurity spending increases 10.3%

This year we are seeing how the number of online attacks continues to rise. We have been able to see all kinds of attacks on a large scale, with ransomware being one of the most dangerous we have seen this year. For this reason, both companies and users seek to protect themselves. The idea is to protect yourself more and less. Something that involves more spending.

Cybersecurity spending increases 10.3%

It is especially important for companies, considering the large volume of data they handle. And their sensitivity. That is why, globally, companies have invested more in cybersecurity. This has been noted in the notable increase in spending. More than 10%.

Businesses spend more on online security

Specifically, according to IDC data, cybersecurity spending will reach $ 83.5 billion by the end of the year. This represents an increase of 10.3% compared to spending in 2016. Analysts predict that this is not something specific. Spending is expected to continue to rise continuously until at least 2021. In that year it is said that the 119, 000 million dollars in cybersecurity will be exceeded.

Regarding sectors, it seems that spending is fairly distributed. Distribution and services, the public sector, manufacturing and resources, and the financial sector are the main ones. Although it is expected that in the coming years the financial sector and the infrastructure sector will grow the most. According to the analysis, 80% of companies' spending goes to software.

Given the growing threats on the network, it is logical that companies take measures to protect themselves. Especially if the data of millions of users is compromised. We will see how spending on cybersecurity evolves.