Articles about budget

A new report from Fortinet reveals that despite organizations increasing their data security budgets by 72 percent last year, insider-driven data incidents continue to surge, with 77 percent of companies experiencing at least one breach in the past 18 months.

The study, conducted with Cybersecurity Insiders, exposes a critical disconnect, while security leaders are adopting smarter strategies and securing stronger funding, traditional data loss prevention (DLP) tools are failing to protect against today's sophisticated threats in cloud-heavy, distributed work environments.

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Average security budget growth has slowed to just four percent year-on-year, the lowest rate in five years and a sharp decline from eight percent in 2024.

The slowdown comes in the face of continued global market volatility, driven by geopolitical tensions, uncertain tariff policies, and fluctuating inflation and interest rates, says a new report from IANS Research and Artico Search.

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While the average total compensation for CISOs at large enterprises is $700K, those at $20B+ firms average $1.1M, with top earners exceeding $1.3M. These people are often managing $100M+ security budgets and teams of over 200 staff.

A new report from IANS Research along with Artico Search looks at data from more than 860 CISOs, including 406 at enterprises with $1B+ in annual revenue.

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According to a new study, 79 percent of respondents say their organization is making changes to its cybersecurity budget. Of these, 71 percent say their security budgets are increasing, with the average budget at $24 million.

However, the report from Optiv, with research by the Ponemon Institute, also shows 66 percent of the more than 600 respondents report cybersecurity incidents have increased in the past year, up from 61 percent in 2024.

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With cloud spending expected to increase by 28 percent in the coming year, a new poll of over 750 technical professionals and executive leaders worldwide finds that 84 percent see managing cloud spend as their top challenge.

The study from Flexera shows 33 percent of organizations are spending more than $12 million annually on the public cloud alone partly driven by AI adoption. With cloud budgets already exceeding limits by 17 percent, organizations are increasingly turning to managed service providers (60 percent) and expanding use of their FinOps teams to regain control over spending (59 percent).

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A new report from Crane Venture Partners looks at the priorities of senior executives who collectively influence $3–$4 billion in annual technology spending.

Respondents include leaders from major companies such as Microsoft, Bloomberg, Procter & Gamble, Kohl's, Arm, Comerica Bank, and NBC Universal. The report finds that while 100 percent of surveyed executives believe AI will shape enterprise operations, only 10 percent have so far fully integrated AI into their workflows.

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A new report from Splunk shows 82 percent of CISOs now report directly to the CEO, up from 47 percent in 2023, and 83 percent participate in board meetings somewhat often or most of the time.

However, only 29 percent of CISOs say they receive the proper budget for cybersecurity initiatives and accomplishing their security goals, compared to 41 percent of board members who think their cybersecurity budgets are adequate.

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A new study from Capterra shows that 59 percent of global businesses regret at least one software purchase they've made in the last 18 months.

Despite this though, the survey of over 3,500 businesses finds 75 percent of organizations are planning to increase their software spending in 2025, with a significant focus on IT systems and artificial intelligence (AI).

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With the current climate of new and more sophisticated cybersecurity products, greater risk and pressure on budgets, it's more important than ever to ensure that they get the best return on their investments.

We spoke to Karthik Swarnam, chief security and trust officer at ArmorCode, to discuss the best practices to ensure ROI from security investments.

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New research from ISC2 shows that growth of the global cyber workforce has stalled at 5.5 million, but an estimated 10.2 million professionals are needed to effectively secure organizations.

This 4.8 million gap represents a 19 percent year-on-year increase. The survey of almost 16,000 cybersecurity practitioners and decision-makers globally shows that for the first time, participants cite 'lack of budget' as the top cause of their staffing shortages.

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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.

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A new report from Normalyze shows that 89 percent of organizations expect to see a significant or moderate increase in data security budgets over the next 12 months, driven by the escalating threat landscape and stringent regulatory requirements like GDPR and HIPAA.

The report, based on research by Omdia, finds top security priorities include reducing the opportunity for threats to infiltrate data stores (59 percent), improving data security posture (53 percent), and demonstrating ROI through improved reporting and business communication (42 percent).

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A new study finds that 70 percent of enterprises are still experimenting with AI and preparing for it is a top priority.

However, the report from Komprise finds that budgets are an even higher priority with only 30 percent saying they will increase their IT budgets to support AI projects.

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An overwhelming 91 percent of respondents to a new survey say their security budget is increasing this year, demonstrating a growing recognition of the importance of cybersecurity within organizations.

However, the report from Seemplicity shows organizations report using an average of 38 different security product vendors, suggesting high levels of complexity and fragmentation within their attack surfaces.

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According to a new report, UK companies are prioritizing AI, with larger expected budget increases than in the US and Germany, and 90 percent considering AI a critical topic.

The report, from analytics database company Exasol, finds UK organizations expect to prioritize AI implementation through larger data and analytics budget increases over the next two to three years in the retail (+48 percent) and healthcare sectors (+100 percent).

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