Cybersecurity Budgets Across the Globe
According to a recent AT&T-sponsored survey, the type and amount of your cybersecurity investments may be significantly influenced by the region in which your organization is based. On average, the AT&T 2017 Global State of Cybersecurity survey found that companies located in Asia-Pacific (APAC) are investing more heavily in cybersecurity defenses and cyberinsurance than their counterparts in the U.S. and EMEA..
For example, 58 percent of APAC respondents said they were allocating 10 percent or more of their organization’s budget to cybersecurity, compared to just 47 percent of EMEA respondents and 39 percent of U.S. respondents. That disparity is likely to grow even greater, with 40 percent of APAC companies expecting cybersecurity budgets to increase – by an average of 18 percent – in the coming 12 months.