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Companies plan to increase Information Technology (IT) Security budgets up to 9% in the next two years
The median cybersecurity budgets for large enterprises were $5.7M with $41.8M allocated for IT generally, while SMBs invested $0.2M in IT security from a median IT budget of $1.6M
Companies are planning to increase their investments in information security against the background of growing financial losses from cyber incidents. This trend was revealed in the recent Kaspersky’s (www.Kaspersky.co.za) IT Security Economics report. Kaspersky IT Security Economics is an annual report that unpicks the changes in budgets, breaches and business…