Cybersecurity Budgets Are On The Rise

I found an article stating corporate cybersecurity budgets have increased almost 60 percent just this year. You can thank the rise of cyber threats, as well as the increase in the desire for artificial intelligence for this budget increase. Out of the organizations in this research, 61 percent said they have experienced a cybersecurity incident within the past two years. More than half the organizations state the budget increase is based on the proven effectiveness for reducing security incidents, as well as assessing risks and threats that those organization face. These methods to find better security practices also costed an average of 26 million dollars per company. 
These numbers show the importance of the need to keep up with the fast changing world of technology. With new ways of attacking a company coming with new technology, as well as the rise of AI.
You can read the article here: https://www.cfodive.com/news/60-corporate-cybersecurity-budgets-higher-this-year-report/720647/

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