LatAm businesses upping investments in security, cloud services | #cloudsecurity

Some 44% of companies in Latin America increased their cybersecurity investments in 2021 and about 40% are upping their spending on cloud services, according to a security survey released by IDC.

The data is in line with different assessments shared with BNamericas in recent weeks by major companies in the IT sector, especially in storage and cloud services.

According to IDC, remote work and remote learning models will imply increased adoption of secure access solutions defined by software.

“About 51% of organizations in Brazil and Latin America consider that ensuring reliable digital services and experiences will be critically more important over the next five years,” said Luciano Ramos, IDC Brasil’s enterprise research and consulting manager, at a press conference to present the study.

“The cloud continues to be the great enabler of business transformations and it is expected that, by 2023, 35% of security solutions in Brazil will already be cloud-enabled,” Ramos said.

Also, according to the research firm, as companies increase the adoption of cloud services to support their digitization efforts, they will need to consider different models for security solutions.

These include the use of advanced cloud security systems, more robust systems to protect data and workloads and, particularly, the adoption of intelligence embedded in cyber solutions to anticipate risks.

IDC claims that 37% of companies in Latin America that consume security services plan to invest specifically in threat intelligence in the coming years. 

The concept refers to the mapping of risks and to the information an organization relies on to assess the threats that are targeting or might target its assets.

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