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Monday, October 3, 2022

Cybersecurity spending globally set to balloon to US$460 bln

Vitaly Kamluk

 

PHUKET, Thailand: Cybersecurity spending globally is set to balloon to US$460 billion in the coming years, almost double the 2021 cumulative expenditures, as its importance gains precedence in economies and businesses worldwide, Kaspersky’s elite security researcher shared during Kaspersky’s Eighth Asia Pacific (APAC) Cyber Security Weekend recently.

During his presentation, Kaspersky’s Global Research & Analysis Team (GReAT) for Asia Pacific (APAC) director Vitaly Kamluk said: “It is projected that cybersecurity spending globally is set to balloon to US$460 billion in the coming years, almost double the 2021 cumulative expenditures and almost as big as current total GDP (gross domestic product) of Thailand, for example.

“The current threat landscape can take this projection up a few notches if we are to consider the real situation…

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