Why Data Breachs Are Increasing And What CISOs Can Do About It

Worldwide spending on security and risk management is predicted to increase more than 11% in 2023, from $158 billion in 2021 to $188 billion.

With the C-suite supporting internal cybersecurity development, we’re perhaps looking at a future of better-protected businesses due to higher, value-driven security budgets and, therefore, a decreased risk of cyberattacks. Yet, the fact remains that the victim count of data breaches continues to increase, reaching over 422 million in 2022, up 128 million from the previous year.

The statistics move beyond logic—larger security budgets aren’t moving in parallel with a reduced security risk. Why is that?

Read more in the Forbes article.