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Global companies to hike security spending as threats rise, ET Telecom

Approximately half of global security heads expect to significantly up their budgets in the next year due to an increase in theft and fraud amid economic and social unrest, according to a survey by security and staffing firm Allied Universal. The survey of 1,775 chief security officers found that companies lost over $1tn in 2022 due to non-cyber security incidents. The report also found that 42% of respondents intend to invest in AI and AI-powered surveillance to quickly identify threats.

Source: telecom.economictimes.indiatimes.com –

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