The cost of cyberattacks on large businesses in North America increased to an average of $1.3 million in 2017, according to research released this week by Kaspersky Labs.
The report IT Security: cost-center or strategic investment? shows the share of global IT budgets going to security rose from 17 percent (16 percent in North America) in 2016 to 20 percent this year (18 percent in North America), indicating an increase in the perceived importance of IT security.
Kaspersky said that spending increased across businesses of all sizes as a reflection of businesses starting to consider IT security as a strategic investment. While they increased as a share of overall IT budgets, global IT security spending actually dropped dramatically, according to Kaspersky, from $25.5 million in 2016 to $13.7 million this year.
See also: The U.S. Kaspersky Ban Sets an Ugly Precedent
That would seem to suggest that global IT budgets overall fell from an average of $150 million last year to a mere $68.5 million this year – a shocking development if true. Gartner forecasts global IT spending will increase by 2.4 percent from 2016 to 2017.
Kaspersky found that globally, cyberattacks cost an average of $992,000 for large businesses in 2017, up from $861,000 in 2016, and cost SMBs $87,800 this year, up from $86,500 last year, according to a blog post.
“While cybersecurity incidents involving third parties prove to be harmful to businesses of all sizes, their financial impact on a company has

 

Developers are working on analytics and big data apps for the Internet of Things much more than connected devices like home appliances and cars, according to a new report from Evans Data Corporation.

The post Asia-Pacific Ahead of North America in Internet of Things Development: Report appeared first on Web Hosting Talk.

 

Developers are working on analytics and big data apps for the Internet of Things much more than connected devices like home appliances and cars, according to a new report from Evans Data Corporation.

The post Asia-Pacific Ahead of North America in Internet of Things Development: Report appeared first on Web Hosting Talk.

 

Toronto is North America’s fourth largest city, and Canada’s largest technology hub with a technology sector that employs more than a quarter of all tech workers in Canada. And with countless startups on their way, it’s no wonder there’s demand in the Toronto market for IT services.

The post SoftLayer’s Toronto Data Center Gives Canadians More Cloud Hosting Options, CTO Says appeared first on Web Hosting Talk.

 

Web content acceleration and security company CloudFlare has significantly expanded its points of presence in North America, Europe and Asia-Pacific through a partnership with interconnection and data center provider Equinix.

The post CloudFlare Expands Global CDN Footprint Through Equinix Data Centers appeared first on Web Hosting Talk News.

 

Web content acceleration and security company CloudFlare has significantly expanded its points of presence in North America, Europe and Asia-Pacific through a partnership with interconnection and data center provider Equinix.

The post CloudFlare Expands Global CDN Footprint Through Equinix Data Centers appeared first on Web Hosting Talk News.

 

Zynstra announced Wednesday that it secured $8.5 million dollars in Series B funding to be used for continued growth in the UK market and expansion into North America. In September 2013, Zynstra received $3.8 million in Series A funding. Prior to that, in 2012, the company secured $2.4 million in…

The post UK Hybrid Cloud Provider Zynstra Secures $8.5M to Support North American Expansion appeared first on Web Hosting Talk News.

 

The cloud is a $160 billion market, and yet 80 percent of service providers in North America don’t offer cloud services.

 

Seven buses carrying a total of 30 coders and designers traveled North America this week, giving them 72 hours on the road to design, build and launch applications before reaching Rackspace’s headquarters in San Antonio, Texas. This is all part of the StartupBus initiative that has brought together 30 entrepreneurs…

 

Online store software provider ePages has become 1&1′s exclusive partner for online shop software in Europe and North America, boosting the number of ePages shops to more than 120,000. Also, 1&1′s parent company United Internet has acquired a 25 percent equity stake in ePages.

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