Cybersecurity spending to hit $150 billion this year

The 12% bump in spending will be driven by ongoing demand for remote workers and cloud security, says Gartner. As cyberattacks ramp up around the world, businesses and other organizations will continue to shell out more money on security tools and technologies. In a report released Monday, research firm Gartner forecast that global spending on information security and risk management services will jump to $150.4 billion this year, a gain of 12.4% from last year.