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Prioritizing cloud security: Allocating the majority of CIOs’ cyber budgets

CIO

CIO’s cybersecurity budget allocations are too spread out across a myriad of single solutions. Vendors convince CIOs they need the latest product to halt new attacks when in actuality the addition of yet another disparate cybersecurity tool leads to blind spots. billion from the third quarter of last year.

Budget 273
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Small Business, Big Threats: INE Security Launches Initiative to Train SMBs to Close a Critical Skills Gap

CIO

According to the recent Hiscox annual cyber readiness report , 41% of SMBs in the US fell victim to a cyberattack in 2023, a figure that has nearly doubled since 2021. We know that cybersecurity training is no longer optional for businesses – it is essential.

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IT leaders adjust budget priorities as economic outlook shifts

CIO

Budget planning during uncertain economic times is never CIOs’ favorite activity. For the most part, budgets are holding steady or growing in the single digits, with continued investments in security, analytics, and the cloud, among other areas. We’re spending significantly more on security,” he says.

Budget 331
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Aligning security and business strategies

CIO

By Sean Duca, vice president and regional chief security officer for Asia Pacific and Japan at Palo Alto Networks Some economists predict that we could soon face a global recession. Their report focused exclusively on financial cybercrime, including identity theft. Looking at history, this does not bode well for levels of cybercrime.

Security 255
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5 hot IT budget investments — and 2 going cold

CIO

This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). CIOs anticipate an increased focus on cybersecurity (70%), data analysis (55%), data privacy (55%), AI/machine learning (55%), and customer experience (53%).

Budget 363
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Cybersecurity Snapshot: CISOs See Budgets Tighten, as Cyberthreats Intensify

Tenable

After double-digit growth in the past two years, cybersecurity budgets expanded more modestly in 2023. That’s the main takeaway from the “ 2023 Security Budget Benchmark Report ” released this week by IANS Research and Artico Search, which surveyed 550 CISOs and security executives. In addition, the U.S.

Budget 82
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Cybersecurity Snapshot: SANS Offers Tips for Maximizing Smaller OT Security Budgets

Tenable

A SANS Institute survey found that budgets for ICS/OT security have shrunk, and advises on how to do more with less. In addition, CISA’s Cybersecurity Awareness Month campaign challenges tech vendors to build safer products. Essentially, budgets are down in just about every category we analyzed,” the SANS Institute report reads.

Budget 67