Cybersecurity steps businesses must urgently adopt

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The global spend on cybersecurity products and services will eclipse $1 trillion in the five-year period between 2017 and 2021, according to a market report published by Cybersecurity Ventures. Unable to keep up with the dramatic rise in cyber-crime and the heightened focus on cybersecurity throughout the coronavirus pandemic, IT analysts struggled to accurately gauge the value of this vital industry until only recently.

It’s clear business leaders take the need to fortify their systems seriously. Indeed, almost 70% of businesses are reported to increase cybersecurity spending following the coronavirus crisis. This is a great start. But allocating budget for the mounting threats posed by black-hat hackers, digital criminals and other troublemakers will not solely help a business to modernize safely.

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