Secret Sauce to Seizing Cyber Service Opportunities
A shortage of cybersecurity resources in the marketplace, rising compliance requirements and increasing cybersecurity budgets are just some of the factors why security integrators are well positioned to expand their service offerings.
An ominous dynamic has come into view the past few years. Malware, phishing, denial-of-service and other forms of cybersecurity attacks have grown in sophistication and volume while skilled resources needed to combat them has been shrinking.
The financial toll is staggering. The global monetary damages from cybercrime totaled $6.1 trillion in 2021, according to Cybersecurity Ventures. That number is expected to grow 15 percent annually to $10.5 trillion by 2025. As a result, businesses are increasing their cybersecurity budgets. Gartner forecasts that global cybersecurity outlays will increase from $150 billion in 2021 to $172.5 billion this year, eventually growing to $267.3 billion in 2026.