2023-11-03 16:42:08
Consultancy estimates Gartner point out that, compared to this year, global end-user spending on security and risk management in Information Technology (IT) will increase 14.3% in 2024, reaching US$215 billion. This year, the spending forecast was US$188.1 billion. Of this amount, the consultancy predicts that spending on data privacy and cloud security will record the highest growth rates next year.
According to Gartner, in the case of data security, the forecast increase in spending is 17.4% compared to 2023, exceeding US$4.3 billion. Another priority for end users is investment in data privacy, which will increase by 24.6% compared to last year, with spending totaling US$1,667.3 billion next year.
One of the segments that is focused on investing in data security is finance. According to the last search Febraban and Deloitte on Banking Technology, companies in the sector, in 2023, have as a priority to direct their budget in cybersecurity to infrastructure, prevention of cyber threats, identity and access management and, also, in hiring specialists in the area of security of the information.
Among the areas benefiting from investments, security training was a priority for banking and financial institutions. In relation to 2021, for example, total investments in 2022 reached R$14.2 million compared to R$6.4 million spent in 2021, which represents a 122% increase in investments in training.
With 10 years of experience in the IT area, software engineer José Batista de Andrade Pereira agrees that the search for security solutions involves investing in multidisciplinary teams, which must work in close collaboration to ensure that payment systems are resistant to invasions and that user data is protected.
“This involves implementing advanced encryption techniques, developing custom security protocols, using artificial intelligence and thorough testing to identify potential vulnerabilities. Additionally, these teams are responsible for continually monitoring emerging threats in the cyber world and adapting and improving their security solutions as necessary,” he comments.
Pereira highlights that in addition to creating security and monitoring solutions, software engineering teams and other IT professionals play a fundamental role in educating and raising awareness regarding the need to keep the cyber environment safe.
“They contribute to disseminating best cybersecurity practices, both among colleagues and senior management, recognizing that data security is a shared responsibility,” he adds.
Security of financial transactions needs to be guaranteed, comments expert
Brazil was the second country in Latin America most affected by cyber attacks in 2022, according to a Fortinet survey released by Febraban. There were 103.16 billion attempted attacks, which represented an increase of 16% compared to the previous year. In the region, the country is second only to Mexico, which had 186 billion attempts.
Software engineer José Batista de Andrade Pereira attests that in the current scenario, in which financial transactions are increasingly part of people’s daily lives, data security has become mandatory. “Every time we make a purchase, whether in a physical or virtual establishment, our information is transmitted. Ensuring the security of this data in transit is vital not only to protect consumers, but also to maintain trust in our payment systems,” he says.
The professional notes that security solutions for data in transit play a central role in the success of financial transactions, as they function as an invisible layer of protection that surrounds data during transmission, making it unreadable to any unauthorized person.
“Only the legitimate recipient can decipher and use this information. This layer of security is fundamental, as it defends us from fraud attempts, cyber attacks and malicious interceptions”, he concludes.
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