Some 56% of IT leaders will allocate more than 40% of their IT budgets to cybersecurity in 2021.

On top of that, 37% listed “improving cybersecurity protections” as their top IT investment priority for this year, according to a recent Syntax survey of 500 IT decision-makers.

Survey respondents said the investment spike was due to a major rise in cybersecurity attacks during the pandemic last year. More than three-quarters, or 77% of decision-makers reported that cyberattacks became more frequent after the pandemic began, with 40 percent saying the increase was “significant.” To combat the rise in those attacks, 90% of IT leaders purchased new cybersecurity tools and while 93% said these tools made cybersecurity easier — they aren’t entirely satisfied.

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