ESG Brief: 2020 Cybersecurity Spending Trends

Abstract:

Most organizations will increase cybersecurity spending in 2020, driven by the desire to protect business processes and counteract dangerous threats. In fact, organizations targeted by cyber-attacks like ransomware are far more likely to increase spending than those that have not. While most are likely to invest in AI/ML-based analytics, data security, network security, and application security, CISOs will spread budget dollars around in many areas. The data indicates that many organizations are in the process of reengineering their entire cybersecurity infrastructure in an attempt to improve efficacy, streamline security operations, and support new technology-driven business processes.

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Topics: Cybersecurity