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Friday, May 3, 2024

Three factors behind strong increase in security spending

Hybrid work, demand for zero trust protection and a shift to the cloud are driving spending on information security and risk management in Thailand with the outlay expected to surge 11.4% to almost 15 billion baht this year, according to global research firm Gartner.

The country’s growth rate is well above the 7.2% recorded at the global level.

“The pandemic accelerated hybrid work and the shift to the cloud, challenging the chief information security officer (CISO) to secure an increasingly distributed enterprise,” said Ruggero Contu, senior director analyst of Gartner.

The modern CISO needs to focus on an expanding attack surface created by digital transformation initiatives, such as cloud adoption, the convergence of information and operation technology and Internet of Things (IoT), remote working and third-party infrastructure integration, he said.

Demand for…

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