Kaspersky: Organizations to Increase Cybersecurity Spending in 2022
The spending increase should increase demand for a wider range of cybersecurity solutions.
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Most businesses expect to spend more on cybersecurity this year, creating demand for a wider range of cybersecurity solutions.
That’s according to a new survey by Kaspersky. The survey targeted 600 employees who are key decision makers for their company’s cybersecurity sector. Respondents were based in the United States and Canada.
According to the research, 86% of IT decision makers in North America said their organization intends to set aside budget for cybersecurity when planning for 2022. In addition, 85% said their budget would increase anywhere up to 50% in the next 12 months.
In addition, more than one in four (28%) said their company annually invests anywhere from $25,000-$50,000 per year in cyber insurance. There are three top criteria they would be willing to meet in order to obtain cyber insurance. Those are security controls (70%), compliance (52%) and education (44%).
Volume, Sophistication of Attacks Likely Driving Higher Spending
Rob Cataldo is managing director of Kaspersky North America.
Kaspersky’s Rob Cataldo