"While we do not expect an immediate return to the breach reaction spending seen in 2015 from the large number of enterprise attacks discovered during that time frame, we believe that attacks such as WannaCry will help sustain awareness and willingness to spend among organizations".
The ransomware called WannaCry has affected computer systems across the globe since Friday, locking down files on infected systems and demanding payments to regain access to data.
The patch to fix the Microsoft networking vulnerability the ransomware used to break into computers, though, was sent out by the software giant in February, Forbes said. Use a reputable security software to prevent attacks in the future.
He added the current situation has to be a wake-up call for governments.
Microsoft, which on Friday took the unusual step of issuing a custom security update for users whose systems no longer receive regular support, has urged users with older versions of Windows to patch the vulnerability as soon as possible.
It blamed governments for storing data on software vulnerabilities which could then be accessed by hackers. "As a result, hospitals, businesses, governments, and computers at homes were affected".
Europol chief Rob Wainwright said computer systems in more than 150 countries were hit, with the majority of organisations affected over the weekend in Europe.
"You must have read the news that recently computers in many countries have been attacked by a WannaCry Ransomware that encrypts the core system files of your computer and shuts down the operating system".
The company said it had released a security update back in March to protect Windows system computers against such attacks, but said many computers "remained unpatched globally".
In this case, he said: "In theory, they could do two things". With respect to this virus it demands an immediate $300 in the first few hours or the price would double, triple and so on.
Smith further wrote in the blog post that governments have to take a new approach and adhere in cyberspace to the same rules applied to weapons in the physical world.
Holmes says that ransomware is nothing new - with his company seeing new variants of this type of malware on an nearly daily basis. Microsoft requires Windows 10 customers to automatically update their computers, but some people with older PCs disabled automatic updates. Microsoft issued a patch to deal with the problem, but many people, companies and institutions failed to download it.