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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 167
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CIOs eager to scale AI despite difficulty demonstrating ROI, survey finds

CIO

CIOs rank AI as a top priority alongside cybersecurity for IT departments. However, barriers such as adoption speed and security concerns hinder rapid AI integration, according to a new survey. There is a sense of urgency to leverage AI effectively, but adoption speed and security challenges are hindering efforts.

Survey 205
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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 199
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Opus Security emerges from stealth to help tackle cloud security threats

TechCrunch

Opus Security , a cloud security orchestration and remediation platform, today emerged from stealth with $10 million in seed funding led by YL Ventures, with participation from Tiger Global and angel investors. ” Har co-founded Opus with Or Gabay, with whom he worked at security orchestration startup Siemplify.

Cloud 234
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Versa raises $120M for its software-defined networking and security stack

TechCrunch

Networking and cybersecurity firm Versa today announced that it raised $120 million in a mix of equity and debt led by BlackRock, with participation from Silicon Valley Bank. Versa’s large round suggests that, despite the market downturn, VCs haven’t lost faith in cybersecurity vendors yet. billion in 2021).

Security 193
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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 218
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Avalor wants to unify cybersecurity tools by aggregating data

TechCrunch

Security has a data problem. Tishbi — who spent time at CitiBank and digital entertainment startup Playtika before joining Datorama — says he often worked with security teams that had to juggle dozens of different tools, each with their own taxonomies and outputs, in order to get projects finished on time.

Tools 196