Nearly Half of Security Chiefs Plan to Boost Budgets Amid Security Concerns and Rising Cyber Threats

  • Approximately 46% of security officers from top firms globally plan significant budget increases in response to increasing theft, fraud and leaks driven by economic and social discrepancies.
  • Companies lost over $1 trillion due to non-cyber security incidents in 2022, displaying a similar financial impact as prominent cyber attacks.
  • To tackle future threats, 42% of respondents plan to invest in artificial intelligence and AI-powered surveillance.
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