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Businesses Boost Security Budgets. Where Will the Money Go?

May 25, 2021

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Businesses plan to invest more money in cybersecurity, but it remains unclear whether extra investments will prepare them to face advanced attacks targeting the supply chain and crossing hybrid infrastructure – two trends top of mind among security leaders, a new report states.

To learn more about security teams’ most pressing obstacles and spending priorities, Splunk teamed up with Enterprise Strategy Group to survey 535 security leaders. Most (88%) leaders report security spending will increase at their organization; 35% say there will be a “significant” boost. The research, conducted a year after COVID-19 lockdowns began and two months after the SolarWinds supply chain attack disclosure, reveals the response to a rise in cybercrime.

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