According to analyst firm IDC, overall security spending is expected to reach nearly $1 billion in Brazil this year, an increase of 10% in relation to 2020.
Of that total, spending on security solutions will reach $860 million, the analyst said, with cloud security becoming a key area of focus for Brazilian IT decision-makers.
According to IDC, 2022 will see firms dealing with an increasing number of cyberattacks, a trend that has gathered pace since the start of the COVID-19 pandemic. The research added that managed detection and response (MDR) services will continue to gain ground as the demand for skilled professionals intensifies.
The shortage of information security skills is one of the most significant issues facing Brazilian IT organizations, mentioned by 40% of the businesses polled by IDC. In addition, 57% said they will rely on external help to manage and operate environments with modern cybersecurity solutions due to the shortage of professionals to boost internal teams.
With over 33 million intrusion attempts in 2021, Brazil is only behind the US, Germany and the UK in terms of ransomware attacks, according to a cyber threats report released by SonicWall. In 2020, Brazil ranked ninth in