Cybersecurity Budget Rose in 2019, Uncertainty Prevails in 2020

Companies increased spending on cybersecurity before the shift to remote work during the coronavirus pandemic, with more budget spent on identity and access management, cyber monitoring, endpoint security, and network security, according to a study released by consulting giant Deloitte and the Financial Services Information Sharing and Analysis Center (FS-ISAC). Three major trends — digital transformation of businesses, remote work, and the shift to more partners and contractors — had already resulted in the lines blurring between the inside-the-office and remote worker, imparting momentum to the adoption of zero-trust principles, the report says.

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