Cybersecurity Investment in the US Quadrupled in 2021

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Reza Pahlevi 14/03/2022 15:20 WIB

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In 2021, cybersecurity investment reached US$2.4 billion. This figure is significantly higher than the US$549 million in 2020.

Total Investment Value of US Technology Companies* in Cybersecurity (2016-2021)

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Total Investment Value of US Technology Companies* in Cybersecurity (2016-2021)

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Based on data from CB Insights, media-reported cyberattacks have increased more than 65-fold in the last decade.

This makes investment in cybersecurity increasingly crucial.

In 2021, several large technology companies in the United States (US), namely Facebook, Microsoft, Apple, Google, and Amazon, increased their cybersecurity investments to a total of approximately US$2.39 billion.

This figure is approximately four times higher than the total investment in 2020, representing the largest increase in the last five years.

During the period 2016-2020, the total value of US technology companies' investments in cybersecurity never exceeded US$1 billion.

The details are: US$297 million in 2016, US$353 million in 2017, US$464 million in 2018, US$673 million in 2019, and US$549 million in 2020.

According to CB Insights, this increase in investment is in line with the rise in cybercrime, which is estimated to have caused losses of US$6 trillion in 2021 and is projected to reach US$10 trillion by 2025.

Microsoft is committed to investing US$20 billion in cybersecurity over the next five years. Meanwhile, Google will invest US$10 billion over the same period.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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