Global cyber security spending tops US$10bn1 min read

In the last three months of 2018, global quarterly spending on cyber security rose above the US$10 billion (£7.66bn) mark for the first time.

And, according to estimates from analyst firm Canalys, the total investment in cyber security for the year touched US$37 billion (£28.33bn): a rise of 9% year-on-year.

But even though spending increased, cyber security-related expenditure still accounted for only 2% of total IT expenditure, Canalys said.

The firm said it estimated that by 2020, global cyber security expenditure would rise above US$42 billion (£32.16bn).

For more information, take a look at this report from IT Wire.