An increase in 5G, cloud and metaverse adoption is likely to open the door for more disruptive threats from cybercriminals this year, says cybersecurity firm Palo Alto Networks.

A global cybersecurity survey conducted by Palo Alto Networks found that 96% of 1,300 organization leaders said they experienced at least one breach or incident in the past year.

Some 22% of respondents said their cybersecurity budgets will increase more than 10% by 2023, according to the “What’s Next in Cyber” survey. The top three funding areas are data security, cloud, and the Internet of Things (IoT).

Tatchapol Poshyanonda, Palo Alto Networks’ country director for Thailand and Indochina, said hackers are scrutinizing countries’ critical digital infrastructure, with evidence found in many ransomware and…