37% of Businesses Expect to Grow by Investing in Cybersecurity: Atlas

According to Atlas VPN investigation, 37% of investment advisors believe that cybersecurity is a top priority investment for firms in 2020. 

Most business advisors agree that one of the biggest risk factors for tech companies is data breaches, ransomware, or DDoS attacks. Hence, 37% of participants named cybersecurity as one of the top priorities in their firm in 2020.

FBI estimates that in 2019, cyberattacks cost businesses $3.5 billion. Companies filled out 467,361 individual complaints in total regarding hacker invasions.

For companies that will increase their cybersecurity spending in 2020, even 83% of these will focus on cloud security. Also, 47% are planning significant increases in cloud security investments.

Threat intelligence and data privacy are trailing closely behind, with over 80% of executives naming them as the primary security focus in their firm. Even 40% of businesses will spend significantly more on data privacy in 2020 than the year before.

To read the full report, head over to: https://atlasvpn.com/blog/37-percent-of-businesses-expect-to-grow-by-investing-in-cybersecurity/

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