Increasing investments in cybersecurity can generate a significant return on investment (ROI) of 179%, according to a new study released by ESI Thoughtlab. The study, which was conducted on some 1,009 companies across 13 industries and 19 countries, has revealed that increasing investments in cybersecurity provide greater protection as companies cope with the fallout from COVID-19.
Companies surveyed spent $9.6 million on cybersecurity in 2019 or $515 per employee and 97% of these firms plan to expand their spending by 14% in 2020. The investments were directed in three areas: people, process, and technology. While the average ROI is 179%, it ranges from 271% for investments in people, 156% for the process, and 129% for technology.Source : https://www.smart-energy.com/industry-sectors/cybersecurity/increasing-investments-in-cybersecurity-generate-roi-of-179/
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