IT security budgets are spiralling out of control as organizations adapt to the everywhere workplace, an Ivanti survey reveals. The study polled 400 CISOs across EMEA, found that the average IT security budget last year was over ’64 million and 81% expect this to increase over the next 12 months. 80% of CISOs highlighted the need to deploy additional security measures to better enable and secure employees as they work from anywhere as the primary budget growth driver. The heightened focus on biometric authentication is likely due to the significant growth in phishing attacks.
Source: https://www.helpnetsecurity.com/2021/04/07/it-security-budgets-increase/