Sophos Study Reveals 83% of Companies Plan to Increase Cybersecurity Budgets

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Technology Nouvelles

Cybersecurity,Budget Increase,Managed Service Providers

Sophos research indicates that 83% of organizations will boost their cybersecurity budgets in the next 12 months, with half increasing spending through Managed Service Providers (MSPs). The study highlights the importance of enhancing cybersecurity around financial operations, risk management, and digital transformation.

Sophos research finds 83% of organisations’ cybersecurity budgets will increase in the coming 12 months, and 50% will increase spend with MSPs

As organisations continue their digital transformation journey by implementing technologies such as artificial intelligence , they are concerned about how cybercriminals are doing the same. The report found AI-augmented cyberattacks are considered the most worrying cyber threats for organisations in all markets except Australia .

● Incident response and recovery In terms of vendor environments, only 20% of surveyed organisations use just one vendor for their cybersecurity needs, with one-in-three using three or more. Multi-vendor environments will increase in the next 12 months as organisations move towards flexible and tailored commercial constructs from partners.skills. Almost 60% of organisations surveyed said they are unlikely to engage a partner that had been breached or suffered a security incident themselves.

 

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