Firms invest $14mn on cybersecurity, small and medium businesses $275K on average in 2020
Despite the overall IT budget cuts in the pandemic times, cybersecurity remains an investment priority and small and medium businesses (SMBs) allocated $275,000 to cybersecurity while enterprises invested $14 million on average this year, a new report said on Sunday.
The majority of companies are expecting these figures to grow in the next three years, by 11 per cent in enterprises and 12 per cent in SMBs, on average. IANS pic.