Security News > 2023 > October > Australia, New Zealand Enterprises Spend Big on Security — But Will It Be Enough?

Australian and Aotearoa New Zealand organizations know they're rapidly hurtling towards a security precipice and are willing to invest to try to save themselves from tipping over.

New research from Gartner shows that security is becoming one of the most lucrative areas of IT in both countries.

According to Gartner, security spending in Australia is projected to grow by 11.5% to a total of AU $7.74 billion in 2024.

At the least, organizations now need to invest in cloud-specific security solutions, such as cloud access security brokers software and cloud workload protection platforms and ensure they have the technical expertise to properly implement and manage policy.

Many organizations look to the cloud for productivity benefits, but that also means they'll need to enhance their security operations center team and ensure they're able to respond to alerts and other flag triggers at all times of day.

They also need to invest in zero-trust security solutions, as perimeter-based security will no longer be enough.

News URL

https://www.techrepublic.com/article/increase-security-spending-australia-new-zealand/