How does cyber attacks impact business interruption and security investments?
Cyber incidents are a significant cause of business interruption, with 45% of experts ranking them as the most feared cause. Spending on information security and risk management products and services is expected to grow by 14.3% in 2024, reaching over 5 billion. The integration of cybersecurity in strategic business initiatives and the importance of CISOs in translating technical aspects to CEOs and Boards are also evident.