Security budgets continue to grow, but is it enough?
Cybersecurity is an increasing concern in the enterprise as the number of high-profile breaches reported only grow each year. In 2015, there were a reported 781 data breaches in the U.S., making it the second highest year for security threats, according to data from the ISACA. And 40 percent of those data breaches happened in the business sector.So it's no surprise that Business Insider Intelligence reports an estimated $655 billion will be invested in cybersecurity initiatives between 2015 and 2020. However, in 2015, worldwide cybersecurity spending reached only $75.4 billion, according to Gartner, jumping to an estimated $2.77 trillion in 2016. Those numbers suggest that businesses are only just catching on to the importance of cybersecurity in the workplace, but are they too late?To read this article in full or to leave a comment, please click here