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Post-COVID-19 Security Spending Update

Security spending growth will slow in 2020, but purse strings are looser than for other areas of IT.
Security Spending Will Still Grow
Some Organizations Plan Big Security Investment
MFA Led Spending During COVID-19 Scramble
Cloud Security Leads
Staffing Increases
Financial Institutions Putting Shoulders to Cyber Budgets
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As we reported earlier this summer, the COVID-19 pandemic caused a lot of interruptions to security budgets and spending initiatives. With freezes in projects and hiring reported broadly among practitioners around the enterprise world, it was clear that organizations were holding tight while they got a better read on the economic environment.

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Latest Security News & Commentary About COVID-19

As we head toward the fall, considerable public health and political uncertainty remains. Yet analysts believe some of those initial panic freezes may be thawing out in the cybersecurity space as organizations recognize the need to spend more to better secure a longer-term remote workforce, as well as de-risk acceleration of certain digital transformation strategies needed to accommodate new consumer and B2B realities.

Here's what the latest numbers are telling us.

 

 
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