CyberNews Briefs

Organizations expect to boost their cybersecurity investments by 34%

A joint report by ESI ThoughtLab, Willis Towers Watson and various other cybersecurity and risk management firms shows that the average company lost $4.7 million due to cyberattacks in the previous fiscal year.

The study also found that organizations across the globe intend to increase cybersecurity spending by 34% in the next fiscal year, with 12% of firms even planning to increase investments by more than 50%. Last year, cybersecurity spending increased by 17% on average.

Read more: Organizations expect to boost their cybersecurity investments by 34%

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.