New Research Covered in Security Magazine Finds Majority of Organizations Plan to Increase Cyber Spending to Prevent Hacks, Address Vulnerabilities

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Hikvision on Concerns, Hacks and Vulnerability Exploits

New research found that the majority of organizations plan to increase investment in cybersecurity to prevent hacks and address vulnerabilities, as covered in the Security magazine article, “70% of Organizations to Increase Cybersecurity Spending Following COVID-19 Pandemic.”

Research was conducted by financial news and information provider, LearnBonds.com.

“The challenge for many organizations is continuing to accomplish their security must-dos with significantly less resources. Relying on a pool of trusted security partners is critical, as niche skills or deep expertise may come from external sources when internal headcount is constrained. Historically, companies have increased their security outsourcing in periods where it’s hard to justify increasing or maintaining internal head count. It’s important for security providers to understand that their goal is to help an organization maintain security continuity during this period, not to replace their teams long term,” said Jack Mannino, cyber provider nVisium CEO, in the article.

Research also found 55 percent of organizations plan to invest in additional automated solutions, according to the article.

For more cybersecurity news, read this Hikvision article: “Hikvision Senior Director of Cybersecurity on Concerns, Hacks and Vulnerability Exploits: Streamed Movies with Malware, Instructions to Improve Private DNS Security.”

Cybersecurity