In this episode of the Business of Tech, we delve into the world of cybersecurity. Firstly, we discuss Gartner's prediction of a 14.3% boost in security spending by 2024, driven by factors such as the adoption of cloud, hybrid workforce, generative AI, and evolving regulatory environment. We then explore the cautionary message from the FBI on evolving ransomware tactics, including dual attacks within 48 hours. Next, we touch on Patching Metrics 101, which offers new ways to measure cybersecurity health. Lastly, we examine how tech giants and startups are tackling security, with updates on email, MFA, and SBOM. Additionally, we discuss the decrease in ransomware attacks in August, the surge in cyber insurance claims due to ransomware attacks, and the specific targeting of large companies with revenues over $100 million.
00:00 Gartner Predicts 14.3% Boost in Security Spending by 2024: Here’s What's Driving the Increase
04:42 FBI Cautions on Evolving Ransomware Tactics: Dual Attacks Within 48 Hours
06:53 Patching Metrics 101: New Ways to Measure Your Cybersecurity Health
08:11 Tech Giants and Startups Tackle Security: Latest Updates in Email, MFA, and SBOM
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