Emerging IT Threats Cause Cybersecurity Investment To Reach $400M

The cybersecurity industry is about to see a huge boost in venture capital as new and new cyber threats on the internet.

In 2015, cybersecurity investment saw a rise of 78 percent which was $228 million. Now Lux Research is expecting the investment to go as high as $400 million this year due to rapid adoption of IoT devices.

Security of IoT systems has been deemed critical especially in the situations where an entire grid of devices could go offline in an instant. This has caused security services from around the world to tackle the issue as quickly as possible to avoid catastrophe.