It’s budget season for many CISOs, and cybersecurity investment for 2021 looks a lot different than it did a year ago. In late 2019, organizations were focused on rationalizing infrastructure, optimizing spend, and automating for efficiency. Fast forward to today and the COVID-19 pandemic has drastically changed our priority list.
The widespread and immediate work-from-home requirement caused companies everywhere to engage in emergency digital transformation projects. In fact, the 2020 Flexera State of the Cloud Report found that because of the pandemic, more than half of the companies polled expect higher cloud usage than initially planned.
Because of this abrupt change in operating model and the resulting forced digital transformations, the No.1 priority for CISOs has become building cyber resilience. This means migrating to the cloud, enforcing cloud security, and enabling a “work from anywhere” workforce. We’ll see this play out in 2021 cybersecurity budgets with companies making investment in three distinct areas:
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