Dive Brief:
- Two-thirds of organizations across the globe are planning to increase their investment in cyber risk prevention over the next 12 months, according to a report released Tuesday by Marsh. More than a quarter of organizations plan to boost their spending by more than 25%.
- The top spending priorities include security technology and mitigation, incident response and preparation, and hiring.
- Seven of every 10 organizations have experienced at least one material third-party incident over the past 12 months, according to the report.
Dive Insight:
The report highlights how organizations worldwide plan to address the growing challenges of maintaining the security of their customer data and boosting operational resilience.
Marsh’s conclusions are drawn from a survey of more than 2,200 cybersecurity leaders in 20 countries across eight regions.
Organizations in the U.K. were the most likely to increase investments, with three-quarters of respondents saying they planned to do so.
A Marsh cyber leader cautioned it is tough to fully protect against cyber risk, but added that cyber hygiene and governance changes…
