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IT services spending set to surge in 2025 as CIOs shift to AI partner solutions
European organizations are expected to ramp up IT services spending in 2025 as CIOs focus their IT budgets on delivering tangible business benefits from generative AI. IT spending as a whole across Europe is expected to hit $1.28 trillion in 2025 — a ‘remarkable’ 8.7% increase, according to Gartner, and the highest growth rate in IT spending in a single…
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Cyber criminal underground “thriving” as weekly attacks surge by 75% in Q3 2024
New data has revealed the third quarter of 2024 saw a record spike in cyber attacks, with a significant escalation in terms of the volume and intensity of virtual threats. Threat intelligence published by Check Point recorded an average of 1,876 attacks per organization, marking a 75% increase compared to the same period in 2023, as well as a 15%…
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Mobile, IoT, and OT Cyber Threats Surge in 2024
A new report from cloud security company Zscaler sheds light on the growing mobile threats on Android operating systems, as well as IoT and OT devices threats. The findings come as more than 60% of the global Internet traffic is now generated by mobile devices and financially-oriented mobile threats have grown by 111% over the last year. A list of…
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Regulatory fines could be the tip of the iceberg for enterprises as data breach lawsuits expected to surge in 2025
The associated costs of data breaches are set to diversify according to Forrester, with the analyst firm predicting that fines won’t be the only financial consideration in the wake of a cybersecurity incident in 2025. Dubbed ‘Predictions 2025: Cybersecurity, Risk, And Privacy,’ Forrester’s report suggested breach-related class action costs will surpass the cost of regulatory fines by 50% in the…
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AI Surge Could Trigger Global Chip Shortage by 2026
Another global chip shortage could be looming, with a new report predicting skyrocketing demand for AI-related products and services that suppliers may struggle to meet. AI workloads could grow by between 25% and 35% annually up to 2027, according to consultancy Bain and Company. However, a demand increase of just 20% has a high likelihood of upsetting the equilibrium and…
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Australian IT Spending to Surge in 2025: Cybersecurity & AI Focus
New Gartner forecasting suggests that IT spending in Australia will surge 8.7% to AU$147 billion in 2025. This boost in spending is projected to be driven by a “perfect storm” of interest in AI, ongoing requirements around cyber security, and the need to refresh hardware as Windows 10 goes out of service, Gartner representatives say. Strategic investments in cyber security…
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Cybersecurity spending is going to surge in 2025 – and AI threats are a key factor
Cybersecurity spending will continue rising in the year ahead amidst heightened concerns about the threat of AI, according to new research from Gartner. Research from the consultancy expects global information security end-user spending to reach $183.9 billion in 2024, rising by 15.1% to $212 billion in 2025. A key factor in this spending growth, Gartner said, is the continued adoption…
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