Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

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
Threaded  |  Newest First  |  Oldest First
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.
Sodinokibi Ransomware: Where Attackers' Money Goes
Kelly Sheridan, Staff Editor, Dark Reading,  10/15/2019
How to Think Like a Hacker
Dr. Giovanni Vigna, Chief Technology Officer at Lastline,  10/10/2019
7 SMB Security Tips That Will Keep Your Company Safe
Steve Zurier, Contributing Writer,  10/11/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: The old using of sock puppets for Shoulder Surfing technique. 
Current Issue
7 Threats & Disruptive Forces Changing the Face of Cybersecurity
This Dark Reading Tech Digest gives an in-depth look at the biggest emerging threats and disruptive forces that are changing the face of cybersecurity today.
Flash Poll
2019 Online Malware and Threats
2019 Online Malware and Threats
As cyberattacks become more frequent and more sophisticated, enterprise security teams are under unprecedented pressure to respond. Is your organization ready?
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-17672
PUBLISHED: 2019-10-17
WordPress before 5.2.4 is vulnerable to a stored XSS attack to inject JavaScript into STYLE elements.
CVE-2019-17673
PUBLISHED: 2019-10-17
WordPress before 5.2.4 is vulnerable to poisoning of the cache of JSON GET requests because certain requests lack a Vary: Origin header.
CVE-2019-17674
PUBLISHED: 2019-10-17
WordPress before 5.2.4 is vulnerable to stored XSS (cross-site scripting) via the Customizer.
CVE-2019-17675
PUBLISHED: 2019-10-17
WordPress before 5.2.4 does not properly consider type confusion during validation of the referer in the admin pages, possibly leading to CSRF.
CVE-2019-17676
PUBLISHED: 2019-10-17
app/system/admin/admin/index.class.php in MetInfo 7.0.0beta allows a CSRF attack to add a user account via a doSaveSetup action to admin/index.php, as demonstrated by an admin/?n=admin&c=index&a=doSaveSetup URI.