As organizations across every industry sector become more reliant on modern technologies, IT budgets are going through the roof. According to a recent study by Deloitte, the average spending across all industries stands at 3.28% of revenue, with the biggest spenders being the finance and professional services sectors.
A recent cybersecurity report found that 61% of organizations suffered a cybersecurity incident in the past year, up from 45% in 2018. The cost of an incident continues to rise steadily as well, with the global median reaching $369,000. Yet, despite the threats facing every industry and every business, regardless of its size and scope, most firms are still woefully unprepared for the next big threat.