This summer brought two separate but significant events that proved one thing: spending on cloud security is set to soar. In July, Israeli cybersecurity startup Wiz walked away from a $23 billion deal with Google, choosing instead to bet on its own growth and pursue an IPO. Around the same time, CrowdStrike released a faulty security update, causing an outage that left flights grounded and IT systems hobbled. This MediaTalk episode explores the effects of these two events and how spending on cloud security — both in terms of enterprise IT budgets and potential M&A — is expected to increase in the coming months and years.
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