Those figures come from the newest Global Security Forecast by study firm Canalys. The report predicts worldwide spending of $60.2 billion on safety merchandise and services in 2021.
That investment consists of beefing up regions such as “endpoint security, network security, web and email security, data security, vulnerability and security analytics, and identity access management,” according to the report.
Canalys provides the caveat that the percentage improve could drop to as low as 6.6% if the pandemic keeps most organizations closed for extended periods, a dynamic that could hamper work in this location.
While such investments are noticed as necessary, they only appear to be slowing a increasing tide of attacks, at most effective. According to Canalys, hacking hit a historic higher final year. The report says 12 billion records had been compromised in some style final year, and ransomware attacks rose 60%.
What are the culprits? Everything from misconfiguring cloud databases to phishing campaigns. There also appears to be a developing capacity to target the weakest hyperlinks in the safety chain: poorly educated remote workers.
Also Read: Hearthstone gets 35 new cards on January 21
“The biggest threats are always those not yet known. The discovery of the SUNBURST advanced persistent threat campaign at the end of 2020, stemming from malicious code injected into the widely used SolarWinds Orion IT management platform and subsequent infiltration into other systems, highlights this,” Canalys chief analyst Matthew Ball mentioned in a statement. “Cybersecurity professional services engagements in response to this latest issue will be one of many factors contributing to sustained investment this year, especially in newer solutions to mitigate emerging threats.”
Also Read: StackPulse exits stealth with $28 million to automate incident response and remediation
Among the cybersecurity categories predicted to develop the quickest: net and e mail safety by 12.5% in 2021 vulnerability and safety analytics by 11.% and endpoint safety by10.4%.