Organizations Expect to Boost Their Cybersecurity Investments by 34%

GlobalDots
1 Min read

Annual losses from cyberattacks averaged $4.7 million in the last fiscal year — with more than one in 10 firms losing over $10 million —according to a new report from ESI ThoughtLab in conjunction with Willis Towers Watson and other organizations specialized in cybersecurity and risk management.

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The study covered 467 firms across multiple industries in 17 countries revealing that companies worldwide expect to boost their cybersecurity investments by 34% in the next fiscal year, after raising them by 17% the previous year.

About 12% of companies surveyed plan to bolster their cybersecurity investments by over 50%. Additionally, since last year, the percentage of companies seeing a significant impact from cybercriminal activities — such as installation of ransomware — has soared, from 57% to 71%.

Read more: Help Net Security

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