More than 50% of IT buyers expressed plans to raise IT budgets in 2023, compared with only 6% that will reduce their spending, even though 83% expressed concerns regarding the impact of a recession next year on their businesses, The Register reports.
Moreover, 68% of companies looking to curb overall spending next year are still considering higher IT expenditures, according to Spiceworks Ziff Davis' 2023 State of IT report. While nearly 40% of the increased budget will stem from inflation, IT spending will be primarily allocated to replacing outdated systems, noted Jim Rapoza, vice president and principal analyst at Aberdeen Strategy and Research, a subsidiary of SWZD.
"Businesses that invested in technology during the pandemic saw significant benefits. Our research revealed improvements across performance, reliability, security, and even reduced overall IT costs among organizations that modernized their infrastructure even if it was initially out of necessity," said Rapoza, who added that the pandemic has prompted many corporate leaders to prioritize IT.
TechCrunch reports that Facebook was revealed to have covertly conducted Snapchat network traffic interception and decryption since 2016 as part of the initiative dubbed "Project Ghostbusters" that sought to bolster user behavior analysis and better compete with the instant messaging app.
More than 1,800 stores on major e-commerce platform Shopify using Saara's EcoReturns and WyseMe plugins had 25 GB of data exposed due to the developer's misconfigured MongoDB database, according to Cybernews.
Cybernews reports that the California Department of Food and Agriculture had individuals' sensitive and personal information leaked to "external users" following the compromise of its external Plant Health and Pest Prevention website discovered earlier this month.