Cybersecurity spending has risen over the last year to $2.6m per US firm
Hiscox reveals that U.S. businesses’ cybersecurity spending is on the rise and they are leaders in cyber expertise, but still have more work to do when it comes to ransomware and phishing emails. The annual Hiscox Cyber Readiness Report, which gauges businesses’ preparedness to combat cyber incidents and breaches, surveyed over 6,000 professionals responsible for their company’s cybersecurity from the U.S., U.K., Belgium, France, Germany, the Netherlands, Spain and Ireland. Key findings specific to the more than 1,000 U.S. professionals surveyed include:
“The world of work has changed forever. Managing [cybersecurity] in one office location has morphed into managing [cybersecurity] in huge numbers of workspaces across the country, almost overnight. The pandemic-induced chaos has bred opportunities for [cybercriminals[, and they’ve been taking advantage,” said Meghan Hannes, Cyber Product Head for Hiscox in the US. “U.S. businesses have come a long way when it comes to cyber expertise, but we cannot stand still. Cyber criminals are voracious in adapting and mutating their digital viruses, and continuous education and proactive security serve as our digital face masks.”