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The world’s largest cities need to invest billions of additional dollars into their infrastructure in order to secure citizen data, new research suggests.

Of the roughly $135 billion expected to be spent globally on cybersecurity for critical city infrastructure in 2024, 44% will be split across data protection provisions for energy, health care, public security, transport, water and waste industries, analyst group ABI Research concluded in a study published Tuesday.

That equates to about $59.4 billion and will not be enough, Dimitrios Pavlakis, an analyst at ABI Research, said.

In a statement accompanying the study, he said lackluster digital security investments could “jeopardize the key elements of intelligence, efficiency and sustainability of future smart city deployments.”

https://www.bloomberg.com/news/articles/2019-08-20/smart-cities-need-to-spend-more-on-security-tech-study-suggests

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