As cyber threats continue to evolve, businesses across the globe are ramping up investments in IT security. According to Kaspersky’s latest IT Security Economics report, companies are planning to increase their cybersecurity budgets by as much as nine percent over the next two years, driven by mounting financial losses from cyber incidents.
The Kaspersky report, based on interviews with IT and security professionals from 27 countries across Europe, Asia-Pacific, the Middle East, Africa, and the Americas, highlights the financial strain caused by cyberattacks. Large enterprises reported an average of 12 incidents this year, with remediation costs reaching USD6.2 million—1.1 times higher than their total IT security budget. Small and medium-sized businesses (SMBs), which faced an average of 16 incidents, spent 1.5 times their IT security budget on recovery efforts.
Key factors behind the increased spending include the rising complexity of cyber threats, stricter government regulations, and higher salary expectations for cybersecurity professionals. As organizations face increasingly sophisticated attacks, the need for advanced threat detection and automated response systems has never been greater.
Kaspersky’s Veniamin Levtsov emphasizes the growing trend of cybersecurity investment, noting that businesses must adopt comprehensive security solutions to stay ahead of emerging risks. Kaspersky’s Next product line offers real-time protection, threat visibility, and advanced response capabilities for companies of all sizes. For those lacking in-house expertise, Kaspersky’s Managed Detection and Response service provides 24/7 protection and automated security services to safeguard against complex attacks.
