Global Spending on Security Solutions Is Surging

As threats and actual hacks continue, spending is rising.

by Eric Holdeman / November 5, 2019

See this article, Global Spending on Security Products to Reach $151 Billion in 2023.

I left home early this morning, getting up at 4 a.m. so I could make a 7:30 a.m. cybersecurity presentation. This is one of those risks that is not going away and will only continue to get bigger and bigger as the digital economy grows and we convert many of our functions to artificial intelligence and robotics. 

Perhaps our security footprint will become stronger once we eliminate the human element from the workplace, but I'm not sure that system approaches will solve everything that will be coming our way. 

On another note, I listened to one report about the drone attack on Saudi Arabia's oil fields. One of the options mentioned for striking back at Iran (if they indeed are the culprit) was a U.S.-led cyberattack against their electrical grid. Personally, I would not advise that due to their own internal cybercapabilities to reciprocate against the United States electrical grid. Call it mutually assured disruption — that keeps us from lobbing the first cybergrenade. 

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