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Survey: Cybersecurity spending drops to about 3% of total annual IT budgets

Black Book Market Research polled nearly 2,500 health care security professionals and found that data security programs in health care organizations remain understaffed and underfunded, and about 3% of total annual IT budgets are allocated for cybersecurity spending. Researchers found that poor investment decisions and lack of funding contributed to an increase in data breach incidents, with more than 90% and almost half of health care organizations reported suffering one data breach and more than five data breaches since the third quarter of 2016, respectively.

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