Gartner Predicts 14.3% Boost in Security Spending by 2024, Updates in Email, MFA, and SBOM, Investors Continue to Pour Money into Security

In this episode of the Business of Tech, we delve into the world of cybersecurity. Firstly, we discuss Gartner's prediction of a 14.3% boost in security spending by 2024, driven by factors such as the adoption of cloud, hybrid workforce, generative AI, and evolving regulatory environment. We then explore the cautionary message from the FBI on evolving ransomware tactics, including dual attacks within 48 hours. Next, we touch on Patching Metrics 101, which offers new ways to measure cybersecurity health. Lastly, we examine how tech giants and startups are tackling security, with updates on email, MFA, and SBOM. Additionally, we discuss the decrease in ransomware attacks in August, the surge in cyber insurance claims due to ransomware attacks, and the specific targeting of large companies with revenues over $100 million.00:00 Gartner Predicts 14.3% Boost in Security Spending by 2024: Here’s What's Driving the Increase04:42 FBI Cautions on Evolving Ransomware Tactics: Dual Attacks Within 48 Hours06:53 Patching Metrics 101: New Ways to Measure Your Cybersecurity Health08:11 Tech Giants and Startups Tackle Security: Latest Updates in Email, MFA, and SBOMLooking for a link from the stories? The entire script of the show, with links to articles, are posted in each story on https://www.businessof.tech/Do you want the show on your podcast app or the written versions of the stories? Subscribe to the Business of Tech: https://www.businessof.tech/subscribe/Support the show on Patreon: https://patreon.com/mspradio/Want our stuff? Cool Merch? Wear “Why Do We Care?” - Visit https://mspradio.myspreadshop.comFollow us on:LinkedIn: https://www.linkedin.com/company/28908079/YouTube: https://youtube.com/mspradio/Facebook: https://www.facebook.com/mspradionews/Instagram: https://www.instagram.com/mspradio/TikTok: https://www.tiktok.com/@businessoftech  💼 All Our SponsorsSupport the vendors who support the show:👉 https://businessof.tech/sponsors/ 🚀 Join Business of Tech PlusGet exclusive access to investigative reports, vendor analysis, leadership briefings, and more.👉 https://businessof.tech/plus 🎧 Subscribe to the Business of TechWant the show on your favorite podcast app or prefer the written versions of each story?📲 https://www.businessof.tech/subscribe 📰 Story Links & SourcesLooking for the links from today’s stories?Every episode script — with full source links — is posted at:🌐 https://www.businessof.tech 🎙 Want to Be a Guest?Pitch your story or appear on Business of Tech: Daily 10-Minute IT Services Insights:💬 https://www.podmatch.com/hostdetailpreview/businessoftech 🔗 Follow Business of Tech LinkedIn: https://www.linkedin.com/company/28908079YouTube: https://youtube.com/mspradioBluesky: https://bsky.app/profile/businessof.techInstagram: https://www.instagram.com/mspradioTikTok: https://www.tiktok.com/@businessoftechFacebook: https://www.facebook.com/mspradionews Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.