Business of Tech: Daily 10-Minute IT Services Insights

Gartner Predicts 14.3% Boost in Security Spending by 2024, Updates in Email, MFA, and SBOM, Investors Continue to Pour Money into Security

Oct 4, 2023
Gartner predicts a 14.3% boost in security spending by 2024 due to the adoption of cloud, hybrid workforce, generative AI, and evolving regulations. The FBI issues a warning about evolving ransomware tactics, including dual attacks within 48 hours. New ways to measure cybersecurity health are explored with Patching Metrics 101. Tech giants and startups provide updates on email, MFA, and SBOM. Additionally, ransomware attacks in August decrease, cyber insurance claims surge, and large companies are specifically targeted.
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