Most Brazilian companies have not increased their investments in information and cyber security since the Covid-19 pandemic emerged despite an increase in threats, according to a new study on perceptions of cybersecurity risk in Latin America since the start of the crisis.
According to the survey, carried out by consulting firm Marsh on behalf of Microsoft, 84% of organizations failed to boost their security spend since March 2020, even though 30% of those polled saw an increase in malicious attacks as a consequence of the novel coronavirus crisis, with phishing and malware being the most frequent types of occurrences.
Despite the increase in security threats, 56% of the Brazilian companies polled currently invest 10% or less of their IT budget in cybersecurity. According to the study, 52% of Brazilian organizations said investment in security has not changed since the start of the pandemic.
In terms of employee practices around security, only 23% of the Brazilian organizations that took part in the study said their workforce is using company-provided equipment to work. At a regional level, 70%…
