COVID crisis drives increased security investment

A new report from Thycotic reveals that 58 percent of IT security decision makers say their organizations plan to add more security budget in the next 12 months, and almost three out of five believe that in the next financial year they will have more security budget because of COVID-19. More than three quarters (77 percent) of respondents have received boardroom investment for new security projects either in response to a cyber incident in their organization (49 percent) or through fear of audit failure (28 percent). In addition with financial penalties for GDPR now totaling 175 million Euros ($202 million),… [Continue Reading]