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International

Cyber security budgets see significant uptick: Moody’s

October 09, 2023 Reprints

According to the results of a new survey conducted by Moody's Investors Service Inc., corporate cyber security budgets have grown substantially, coinciding with a noteworthy increase in C-suite executives’ awareness of cyber risks, Reinsurance News reported. Cyber budgets increased by 70% between 2019 and 2023. Moody’s also noted that while budgets are on the rise, increasing cyber security costs are putting pressure on financial resources.

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Cyber security budgets see significant uptick: Moody’s

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