Most Organizations Plan to Increase Their Cybersecurity Budgets in 2020

Ganesh The Awesome Senior Pre & Post-Sales Engineer at GlobalDots

8th November, 2019 1 Min read

With the perpetually shifting threat landscape, most organizations (over 90%) believe that the cyber threat landscape will stay the same or worsen in 2020, according to FireEye.

FireEye surveyed over 800 CISOs and other senior executives across North America, Europe, and Asia to uncover attitudes towards some of cybersecurity’s most prevalent topics.

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The majority (51%) of organizations do not believe they are ready for or would respond well to a cyber attack or breach event. Moreover, 29% of organizations with cyber attack and breach response plans in place have not tested or updated them in the last 12 or more months.

To address concerns regarding the potential loss of sensitive data, customer impact, and business operation disruptions, the vast majority (76%) of organizations plan to increase their cybersecurity budget in 2020.

A close-up of several stacks of coins in front of a blurred clock,representing the concept of time and money.

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