Cybersecurity, record for the Italian market: spending at 2.15 billion

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Cybersecurity is the digital priority and in 2023 investments by Italian companies grew by double digits. Investments reached 2.15 billion with a +16% on 2022. Almost two thirds of large companies, 62% to be precise, have increased spending on the digital defense of their infrastructures and their tangible and intangible assets . The commitment is there but when looking at the relationship between investments and GDP, the scarcity of resources put in place emerges. The ratio between spending on cybersecurity and Italy’s GDP is 0.12%, which places our country in last place among those of the G7. This ranking sees the USA in first place with 0.34%, the United Kingdom with 0.29% while other European powers such as France or Germany are at 0.19%. This is what the Cybersecurity & Data Protection Observatory of the School of Management of the Polytechnic of Milan revealed today in the conference «Beyond cybersecurity: between human intelligence and artificial factor» which Il Sole-24 Ore anticipates.

Cyber ​​war, damages of 6 trillion dollars: Italy the most affected country

The attackers’ data is worrying: three-quarters of large Italian organizations report an increase in attempts and 12% have suffered damage. For defense, 81% of large companies have a structured development plan. The weak point is SMEs because more than three-quarters of cybersecurity spending is borne by large companies. «The institutions and the supply chain must support the entry of SMEs into this market, directing their investments and defining initiatives to create a culture of cybersecurity – explains Alessandro Piva, director of the Observatory -. We need funds and programs that push SMEs to invest safely with tax credits or other tax incentives, with non-repayable financing.”

The majority of attacks are caused by criminals using ransomware but in Italy about a third have political and ideological reasons. Hacker gangs use artificial intelligence for more incisive and large-scale social engineering campaigns, more precise in identifying possible vulnerabilities and the creation of deepfakes aimed at creating disinformation. The same Ai can also be used to defend companies. «It is essential to grasp the potential of technologies, primarily the most innovative ones such as artificial intelligence – reports Gabriele Faggioli, Scientific Director of the Cybersecurity Observatory -. On the other hand, the human component should not be underestimated, insisting on training and raising awareness of workers, with the aim of creating a security-first mentality”.

The use of artificial intelligence is in its infancy. It is deployed by 56% of large companies for cyber defense but only one in five uses these tools extensively. They are mainly used to identify possible anomalies that deviate from usual behavior, identify new potential threats and zero-day vulnerabilities (70%).



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