Gartner are predicting an eight per cent rise in security spending in 2018, and I guess with the headlines repeatedly being grabbed by data breaches, this comes as little surprise.
The report cites data breaches and increased compliance burdens, amongst other things, as driving the increase - again no surprises here.
But just spending money on cyber security is not the silver bullet however much we wish that was the case. Organisations must get better at assessing the risks they face and implementing appropriate mitigations for those risks. Technology should always be seen as an enabler - or perhaps the bridge - between our people, and the processes and policies that we put in place. Unless all three legs of our people-process-technology stool are given the appropriate focus, we are not going to reduce actual risk.
The quest for digital transformation coupled with an array of new regulatory concerns and cyberattacks is driving enterprises to invest in cybersecurity. According to Gartner, worldwide cybersecurity spending will climb to $96 billion in 2018.