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Cybersecurity budgets increase in 2022


Companies are in the final stages of 2022 budget planning and cybersecurity is top of their priorities. While, traditionally, IT departments may have struggled to fight for their slice of the budget, the cybersecurity landscape is now different. Directors are well aware of the dangers of ransomware attacks, including huge financial losses and public reputational damage. CPO Magazine reports that the average cost of a ransomware attack more-than-doubled in 2021, from $761,000 to a hefty $1.8 million. It’s now more critical than ever to budget for cybersecurity, saving your company money in the long run.