Cyber-Security Spending to Hit $60 Billion in 2011

PwC predicts that global cyber-security spending will grow 10 percent per year for the next three to five years.

eWeek: A new report from PwC says that global spending on cyber-security will hit $60 billion this year, and it will grow 10 percent per year for the next three to five years. Investment deals in the cyber-security industry have topped $22 billion since 2008.

“Against the backdrop of heightened awareness of hacks and deliberate attacks on institutions by semi-organized groups, the cyber-security market is undergoing significant change and attracting investment from sectors that span technology, telecommunications, defense, professional services and financial investors,” said PwC's Rob Fisher.

Tags: cybersecurity

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