Airlines and airports to spend $33 bn on cyber security in 2017

Airlines and airports worldwide will spend an estimated $33 billion in 2017 as additional investments in cyber security and cloud services.

5% of revenues earned by airports around the world will be spent on upgrading their IT systems and Cloud applications.

The SITA Air Transport IT Trends Insights 2017 has revealed some encouraging news as far as cyber security investments by airlines and airports are concerned. The report states that in the current calendar year, airlines around the world will spend a total of US$24.3 billion, or 3.3% of their revenue on cyber security and cloud services.