What is an average cybersecurity budget? In general, experts say that you should spend 10% to 15% of your IT budget with protection against data breaches and cybersecurity attacks. By the way, the report Pursuing Cybersecurity Maturity at Financial Institutions validates this information.Mar 17, 2021
How much do people spend on cybersecurity?
The 2019 U.S. President's budget includes $15 billion for cybersecurity, a $583.4 million (4.1 percent) increase over 2018. The Department of Defense (DoD) was the largest contributor to the budget. The DoD reported $8.5 billion in cybersecurity funding in 2019, a $340 million (4.2 percent) increase over 2018.Jun 10, 2021
How much does cybersecurity really cost?
According to cyber security firm Radware's 2018-2019 Global Application & Network Security Report4, the average cost of a cyber-attack is $1.1 million. This is an increase of 52% on 2017-2018. McAfee5 has estimated that in 2017, globally, cybercrime cost around $600 billion a year.