Cybersecurity Costs Skyrocket 60%

in cybersecurity •  3 years ago 

Per the 2022 Hiscox Cyber Readiness report (survey), #cybersecurity spending increased 60% and median costs of incidents have risen 29% in the past year! This is not sustainable! Something must give if organizations are degrading at these rates.

It is unavoidable that the cybersecurity industry will face many hard discussions regarding the showing and maximizing value to an organization.

https://www.hiscoxgroup.com/cyber-readiness

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How can a department that doesn't make money ask for that much year-over-year?

Good question! It better show tremendous value!!