If you’re a hacker or a security company, chances are you’ve had a very good year. If you’re one of the enterprises that lost millions because of malware, then not so much.
This year saw dozens of massive data breaches — and 2017 isn’t over yet. It also saw record investments in security startups, with at least 20 in the $40 million and up range. Older IT giants like Cisco and IBM boosted their revenuesfrom newer security businesses as well. With the size and scope of attacks expected to increase exponentially, security spending probably won’t drop anytime soon. Cybersecurity Ventures puts it at a $1 trillion market from 2017 to 2021.
“With an expanding threat landscape, cybersecurity is the No. 1 priority for businesses worldwide,” Cisco CEO Chuck Robbins said on a conference call with investors.
Aside from bigger breaches and more security spending, what should companies expect in the year ahead?
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