Double-digit rise in IT security spending

The global expenditure on IT security services and solutions is anticipated to rise to 219 billion US dollars this year, according to an IDC forecast. This would represent a rise of 12.1 percent over 2022, and similar levels of growth are projected for the years that follow.

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Allianz Risk Barometer indicates continued high pressure from cyber threats

Specialist insurers Allianz Global Corporate & Specialty (AGCS) have released the results of their “Allianz Risk Barometer” survey for 2023. The 2,712 participating risk management experts have once again identified cyber threats as posing the biggest risk to the business their companies are conducting. Cybercrime is believed to cost the world economy more than a trillion dollars annually – roughly one percent of global GDP.

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