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The cybersecurity market is growing, but Italy is far from G7 countries

2023-02-24T08:21:00.114Z


Cyber ​​attacks are on the rise in Italy. One out of seven Italian companies had tangible damages such as service interruptions, delays in process operations or reputational damage and 67% noted an increase in attack attempts. (HANDLE)


(ANSA) - ROME, FEBRUARY 23 - Cyber ​​attacks are on the increase in Italy.

One Italian company out of seven has experienced tangible damage such as service interruptions, delays in the operation of processes or reputational damage and 67% have noted an increase in attack attempts.

While 61% increased the cybersecurity budget with the ratio between cybersecurity spending and GDP in Italy standing at 0.10%, a slight increase compared to 0.08% the previous year.

However, this is a result that places our country in last place among those of the G7.

These are some data contained in the research of the Cybersecurity & Data Protection Observatory of the School of Management of the Milan Polytechnic, presented at the conference 'Cybersecurity: towards a common front'.


    According to the analysis, the cybersecurity market in Italy is growing and reaches 1.86 billion euros, marking a +18% on the year.

92% of companies see impacts, positive or negative, directly attributable to the geopolitical context.


   As many as 61% of organizations over 250 employees have decided to increase their budget for cybersecurity activities in the last 12 months.

But the ratio between spending on cybersecurity and GDP in Italy, although growing over the year, places our country in last place among those in the G7.

The ranking is led by the United States and the United Kingdom, with a ratio of 0.31%.

For France and Germany the ratio is 0.19% and 0.18%, respectively.

Lastly, financial risk quantification methodologies are applied only in 32% of Italian companies.


    For Gabriele Faggioli, Scientific Director of the Cybersecurity & Data Protection Observatory, there was "a driving force from the Pnrr and the new National Cybersecurity Agency which has a fundamental role in guiding a common front for the challenges we are facing".

"Today the challenge is to define a structured long-term strategy, to create a common front against threats", adds Alessandro Piva, Director of the Cybersecurity & Data Protection Observatory.

(HANDLE).


Source: ansa

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