In 2023 ,
of firms allocated up to 10 % of their annual revenue to IT
THOUGHT LEADER
In 2023 ,
81 %
of firms allocated up to 10 % of their annual revenue to IT
Investing in cyber resilience Being recognised as a secure and trustworthy business offers a significant advantage . Moreover , when considering the main drivers behind their cyber risk management plan , more than a quarter of business leaders ( 26 %) identify the role of cyber risk management in supporting innovation . By integrating cyber security into their innovation strategies , businesses can create an environment that encourages experimentation while safeguarding intellectual property and ensuring regulatory compliance .
Employees are often the first line of defence against cyber threats , yet they can also be the initial point of entry . To strengthen this line of defence , businesses must cultivate a culture of cyber awareness where cyber security is seen as a team objective . This involves upskilling employees in best practices and ensuring everyone understands the proactive response plans in the event of an attack .
In 2023 , 81 % of firms allocated up to 10 % of their annual revenue to IT , with an average of 11 % of this dedicated
70 January 2025