Even with this disconnect, cybersecurity spending and hiring are on the rise

WATERLOO, ON, Nov. 15, 2023 /CNW/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today released results of its annual 2023 OpenText Cybersecurity Global Ransomware Survey. Findings show a similarity in how small-to-medium sized businesses (SMBs) and enterprises (more than 1,000 employees) think about ransomware attacks, including a disconnect about who is a target and growing concern about the use of artificial intelligence (AI) by threat actors. While the majority of organizations don't believe they will be attacked, they do understand the business risks as evidenced by increased security spending and plans to expand security teams.