Saturday, June 15, 2024

Cyber-Security Spending to Hit $60 Billion in 2011

Datamation content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.

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.

Subscribe to Data Insider

Learn the latest news and best practices about data science, big data analytics, artificial intelligence, data security, and more.

Similar articles

Get the Free Newsletter!

Subscribe to Data Insider for top news, trends & analysis

Latest Articles