Increased Regulation And Threats Are Driving CISO Spend in 2023>
The IT Nerd
According to PwC, 65% of executives expect to grow their cybersecurity spending in the near term as 50% of businesses say they are most worried about a “catastrophic cyber attack”, ahead of recession, inflation, supply chain issues and geo-political conflicts, to name a few and simultaneously reacting to a new regulation landscape where only 9% feel highly confident that they can effectively manage to all the new requirements and disclosures. Of the threat scenarios, executives say they expect the following types of attacks to increase in 2023: 33% – Business email compromise / Account takeovers 32% – Ransomware 31% – Attacks against cloud management interfaces 30% – Hack-and-leak operations 29% – Third-party breach To combat these threats, organizations surveyed say spending in 2023 will be focused on the following top strategies: 39% – Technology solutions 37% – Coordination with engineering / OT teams 36% – Upskilling and hiring of cyber talent 33% – Governance, risk and compliance
Link: https://itnerd.blog/2023/04/11/increased-regulation-and-threats-are-driving-ciso-spend-in-2023/