Threat Intelligence

8/16/2017
12:25 PM
50%
50%

Gartner: Cybersecurity Spending Worldwide to Hit $86.4 Billion This Year

Security services sector still the fastest-growing segment, new forecast says.

The global information security market for 2017 will grow by 7% over last year with spending to reach $86.4 billion, according to a new forecast by Gartner.

Gartner said spending for security products and services will reach $93 billion in 2018, with security services still the most rapidly growing segment of the market.

"Rising awareness among CEOs and boards of directors about the business impact of security incidents and an evolving regulatory landscape have led to continued spending on security products and services," said Sid Deshpande, principal research analyst at Gartner. "However, improving security is not just about spending on new technologies ... Organizations can improve their security posture significantly just by addressing basic security and risk related hygiene elements like threat centric vulnerability management, centralized log management, internal network segmentation, backups and system hardening."

The European Union's General Data Protection Regulation (GDPR) will propel 65% of data loss prevention purchases through 2018.

And by 2020, some 40% of managed security service (MSS) contracts will be combined with other security services and IT outsourcing projects, and increase from the current 20%, according to the consultancy.

Read more on Gartner's market forecast here

 

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
RyanSepe
50%
50%
RyanSepe,
User Rank: Ninja
8/17/2017 | 7:17:27 AM
Fantastic
This is great to see. In the past security budget always took a back seat to operational expense. It shows that security is finally getting the proper dues it requires.
Devastating Cyberattack on Email Provider Destroys 18 Years of Data
Jai Vijayan, Freelance writer,  2/12/2019
Up to 100,000 Reported Affected in Landmark White Data Breach
Kelly Sheridan, Staff Editor, Dark Reading,  2/12/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
5 Emerging Cyber Threats to Watch for in 2019
Online attackers are constantly developing new, innovative ways to break into the enterprise. This Dark Reading Tech Digest gives an in-depth look at five emerging attack trends and exploits your security team should look out for, along with helpful recommendations on how you can prevent your organization from falling victim.
Flash Poll
How Enterprises Are Attacking the Cybersecurity Problem
How Enterprises Are Attacking the Cybersecurity Problem
Data breach fears and the need to comply with regulations such as GDPR are two major drivers increased spending on security products and technologies. But other factors are contributing to the trend as well. Find out more about how enterprises are attacking the cybersecurity problem by reading our report today.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-8360
PUBLISHED: 2019-02-16
Themerig Find a Place CMS Directory 1.5 has SQL Injection via the find/assets/external/data_2.php cate parameter.
CVE-2019-8361
PUBLISHED: 2019-02-16
PHP Scripts Mall Responsive Video News Script has XSS via the Search Bar. This might, for example, be leveraged for HTML injection or URL redirection.
CVE-2019-8362
PUBLISHED: 2019-02-16
DedeCMS through V5.7SP2 allows arbitrary file upload in dede/album_edit.php or dede/album_add.php, as demonstrated by a dede/album_edit.php?dopost=save&formzip=1 request with a ZIP archive that contains a file such as "1.jpg.php" (because input validation only checks that .jpg, .png, o...
CVE-2019-8363
PUBLISHED: 2019-02-16
Verydows 2.0 has XSS via the index.php?c=main a parameter, as demonstrated by an a=index[XSS] value.
CVE-2019-8358
PUBLISHED: 2019-02-16
In Hiawatha before 10.8.4, a remote attacker is able to do directory traversal if AllowDotFiles is enabled.