More than 50 percent of security and IT leaders agree that they are very concerned about the security of corporate endpoints given the prevalence of sophisticated attack vectors like ransomware, disruptionware, phishing and more, according to a survey from RSA Conference 2020 by Absolute.

Cybersecurity spending on the rise

According to recent industry reports, 2019 saw a record number of more than 5,000 breaches as well “an unprecedented and unrelenting barrage of ransomware attacks” in the U.S. that impacted at least 966 businesses, government agencies, educational establishments and healthcare providers at a potential cost of more than $7.5 billion.