Breach Prevention Blog

Cybersecurity spending have continued moving upward trend over the past several years. Just last year, budgets increased 12.4%. In 2020, Gartner expects a more modest increase of 2.4% ending at $123 billion in IT security spending for the year overall. So who really benefits from the increased spending? It certainly hasn’t been the customer. Economic breach damage currently worse than ever. By next year, cyber damage on the global economy is expected to reach $6 trillion annually according to Cyber Security Ventures. To put that into perspective, that’s more than the GDP of Germany and the United Kingdom combined. Alarming damage.

Cybersecurity is an enormous investment with even more enormous consequences for mistakes. To build an optimal security stack you need to balance residual risks with total cost of ownership of the cyber security stack and with minimal disruption to operations.