Global cyber spending to reach $60B this year
Global cybersecurity spending is expected to reach $60 billion this year and is forecast to grow at 10 percent every year during the next three to five years.
Global cybersecurity spending is expected to reach $60 billion this year and is forecast to grow at 10 percent every year during the next three to five years.
Tech Journal South reports that the United States accounts for more than half of all deals globally. The reason? growing cyber threats and increasing awareness.
Since 2008, the total investment in global cyber security has exceeded $22 billion. That’s an average of more than $6 billion in growth every year.
Throughout the world, the private sector makes up most of cybersecurity spending — except in the United States — where government spending is almost equal to the private sector.
This story is part of Federal News Radio’s daily Cybersecurity Update. For more cybersecurity news, click here.
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