Cybersecurity Budgets and Staffing to Increase for Retail and Hospitality Industry>
EIN News
VIENNA, VIRGINIA, UNITED STATES, January 25, 2023 /EINPresswire.com/ — Information security teams have always had to do more with less, but 2023 might be the year when they are able to do more with more. Riding a three-year trend, 70% of CISOs expect their budgets to increase again this year, while 60% also expect more FTEs, according to the CISO Benchmark Report The increase in budget and personnel reflects how cybersecurity has grown as a critical part of business operations in many organizations. This year, business disruption emerged as a top 10 (No. 7) risk that organizations currently face, up seven spots from No. 14 in 2021. Similarly, 50% of CISOs now have business continuity/disaster recovery as part of their core responsibilities, an increase of 11 percentage points since last year. Surprisingly, although fraud in its many forms greatly impacts the bottom line, and continues to be a top risk for organizations, very few CISOs have fraud as part of their core responsibilities, according to the report. Key insights from the Practitioner Benchmark Report include: • 83% serve more than one job function, which means that employees have a valuable and diverse skill set across security operations (76%), threat intelligence (66%), and risk management (66%) • 93% believe they have the necessary skill sets to perform their job effectively
Link: https://chemicals.einnews.com/pr_news/613097710/cybersecurity-budgets-and-staffing-to-increase-for-retail-and-hospitality-industry