Security News > 2020 > October > Report: Despite more cyberthreats during COVID-19, most businesses are confident about cybersecurity
Seventy percent of major organizations were strategizing to pour more money into cybersecurity efforts as a result of the coronavirus pandemic, according to a report in May. Gartner has predicted that, despite COVID-19, total global spending on cybersecurity will hit $123.8 billion in 2020.
A new report-CompTIA's State of Cybersecurity 2020-took the temperature of how the enterprise has responded to security during COVID-19, surveying 425 US businesses.
"The modern security approach has generally been defined by more advanced technology, more detailed processes, and more comprehensive education," the report states.
As threats continue to become more complex, the cybersecurity industry is becoming increasingly specialized in areas such as threat management, proactive testing and regulatory compliance, according to the report.
As the cybersecurity ecosystem expands, and each employee becomes responsible for maintaining security, cybersecurity has become an organization-wide endeavor and the strategy now also involves different business units, upper management, and outside firms.