Enterprises take cautious approach to security spending

Nearly two-thirds of CISOs report increasing budgets this year, with average growth rising from six percent in 2023 to eight percent this year, but this is only about half of growth rates in 2021 (16 percent) and 2022 (17 percent). A study from IANS Research and Artico Search shows that a quarter of CISOs are experiencing flat budgets while 12 percent face declines. 'As organizations confront an evolving threat landscape, the slight uptick in cybersecurity budgets this year reflects a careful balancing act,' says Nick Kakolowski, senior research director at IANS. 'While we see modest increases, it's clear that CISOs… [Continue Reading]