Despite the pandemic, boards are increasing investment in security, and organizations expect their security budgets to expand over the next year.
Of the 900 global chief information security officers and information technology decision-makers tapped for Thycotic’s CISO Decisions survey, 77 percent said their boards have okayed investment in new security projects. The sentiment is driven primarily by security incidents in their companies or fear they would fail a compliance audit.
“Our survey found that 58 percent of IT security decision-makers say their organizations plan to add more security budget in the next 12 months,” Joseph Carson, chief security scientist and advisory CISO at Thycotic, told SC Media. “I believe this was a path and direction most organizations have been going down, however it was always a lower priority.”
Please register to continue.
Already registered? Log in.
Once you register, you'll receive:
The context and insight you need to stay abreast of the most important developments in cybersecurity. CISO and practitioner perspectives; strategy and tactics; solutions and innovation; policy and regulation.
Unlimited access to nearly 20 years of SC Media industry analysis and news-you-can-use.
SC Media’s essential morning briefing for cybersecurity professionals.
One-click access to our extensive program of virtual events, with convenient calendar reminders and ability to earn CISSP credits.