Marsh Report Finds Global Firms Boosting Cybersecurity Budgets Amid Rising Threats
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Marsh & McLennan's report reveals a surge in cybersecurity investments due to rising third-party risks and ransomware threats. 66% of organizations plan to increase spending, with over a quarter boosting budgets by 25% or more. The UK leads in planned spending increases. 70% experienced significant third-party cyber incidents, highlighting supply chain risk management's importance. Top priorities include technology upgrades, incident planning, and talent acquisition. Regional confidence disparities exist, with India, the Middle East, and Africa most confident in cyber risk management.
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