Brazil businesses have lowest cybersecurity budget; view area as “expense” and “support”

The comparison is included in a study by the American Palo Alto Networks cybersecurity company conducted between April and June with 3,000 companies.

RIO DE JANEIRO, BRAZIL - On average, 46% of Brazilian companies invest up to US$1 million a year in cybersecurity.

The same amount is invested by a much smaller portion - 21% on average - of companies in Singapore and G7 members (Germany, Canada, United States, France, Italy, Japan and United Kingdom), since a large part of their system protection budgets range from US$1 million to US$5 million per year.

The comparison is included in a study by the American Palo Alto Networks cybersecurity company conducted between April and June with 3,000 companies.

Among the 250 executives from Brazilian . . .

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