As cyberattack and ransomware news continues to clog the headlines, business leaders are opening up paperbacks and increasing cybersecurity spending, according to a new report from Gartner.

The research firm announced on Monday that global spending on IT security and risk management technologies and services is expected to grow 12.4% to $ 150.4 billion in 2021. Spending in this area almost halved compared to 2020.

According to Gartner, the strong growth rates reflect the continued demand for remote work technologies and securing cloud environments, according to analysts.

What was not mentioned in the report was the number of high-profile cybersecurity incidents reported in the past few months, where IT and incident response teams sought to cordon off corporate environments from nation-state actors and ransomware groups.

“Companies continue to grapple with the security and regulatory requirements of the public cloud and software as a service” …

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