Read the latest edition of AIR and MEIR as an Interactive e-book

Jun 2023

Industrial cyber security spending will hit $36bn

Source: Asia Insurance Review | Jul 2022

Global cyber security spending in energy, transport, water and waste management is expected to touch $23bn by the end of 2022 and grow at a CAGR of 10% to reach $36.67bn in 2027 according to a new report by technology intelligence firm ABI Research.
The State of Cyber & Digital Security report released in June 2022 said, “Organisations and verticals continue to integrate technologies like the internet of things, 5G and blockchain, meaning more points of connection - and points of vulnerability - than ever before.”
The report says, “Security is a complex, multi-layered discipline that touches upon many notions: From protection and trust to resilience and offense. In today’s connected societies, security needs to permeate all aspects of modern technologies to support successful digital and cyber ecosystems. A weak link in a chain can present an open door to a threat or be at risk from misconfiguration.” A 

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.


Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.