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Only 2% of IT Budget Spent on Cybersecurity Last Year, Says Report
April 01, 2019
![Only 2% of IT Budget Spent on Cybersecurity Last Year, Says Report](https://ask.careers/wp-content/uploads/2019/04/20th-news-2-1024x768.jpg)
Even as the organizations across the globe are realizing the importance of protecting their employees and customers, digital assets, and networks, they spent only 2% of their IT budget on cybersecurity in 2018, Canalys said.
The technology market analyst firm said that total cybersecurity investment in 2018 stood at 37 billion USD which is 9% higher than 2017’s 34 billion USD. It also said that online security spend is projected to hit 42 billion USD-mark by 2020.
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