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New Study Finds that Majority of Cybersecurity Executives Expect to budget More to Cope With COVID

A new study estimates over half of executives responsible for cybersecurity expect to grow their budgets in response to new challenges raised by the COVID-19 pandemic.

A poll of 3,000 global executives found that 55% expected to budget more for security, with Canadian responses about the same. But only 34% of the 100 Canadian participants in the survey were confident their cyber budgets are being spent correctly, compared with 44% globally.

The concern raised most often by the Canadians is their ability to prepare for with security events that are unlikely to happen but of high impact if they do occur.

Another top issue related to COVID, both for the Canadian respondents and globally, was being able to take cybersecurity and privacy into consideration with every business decision.

To find out more, visit https://www.canadianunderwriter.ca/insurance/majority-of-cybersecurity-executives-expect-to-budget-more-to-cope-with-covid-study-1004200921/