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Industry News: ESG5

      Microsoft Has a $20 Billion Hacking Plan, But Cybersecurity Has a Big Spending Problem

      Sep 10, 2021 10:27:46 AM

      2021-09-08

      CNBC: In the wake of increasingly sophisticated criminal hacks of companies like SolarWinds, Colonial Pipeline, and JBS Foods that touched on fears of national security weaknesses, U.S. politicians all the way up to the White House have been adamant on one cybersecurity requirement: organizations needed to spend more on it to protect the nation. But there’s a problem: in many cases, increased spending on cybersecurity in recent years hasn’t resulted in better protection against hackers.

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      Topics:North America

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