As the COVID-19 pandemic drags global economies to a halt, enterprises are having to tighten their belts across the board, including in IT. In May Gartner predicted that worldwide IT spending will decrease by 9% in 2020 compared to last year. According to a Barracuda survey released in May, 40% of companies have cut their cybersecurity budgets as a cost-saving measure to help tackle the COVID-19 crisis.
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