According to Neustar Security Services, only 49% of EMEA and US-based organizations believe they have sufficient budget to meet their current needs, and many will actually see funding decline in 2023. argue that it is possible.
A cloud security vendor surveyed senior IT and security professionals in six markets in the US and EMEA to better understand their cyber risk challenges.
Budgets are a pressing concern, with more than one in ten (11%) respondents saying they only have enough budgets to protect their most important assets.
More than a third (35%) acknowledged that budgets could stay flat or decline in 2023, putting their organizations at risk as a result.
A majority of respondents (83%) say their executives understand the gravity of the current threat landscape, but 69% say budgetary challenges limit their ability to deploy new strategies and technologies. I am concerned that
These concerns include ransomware (75%), phishing (74%), DDoS (72%), targeted hacking (71%), and social engineering (71%) attacks that are perceived to be on the rise. is particularly serious to
Respondents rated increased attack sophistication as the top threat to their security posture, cited by 60%. Other top concerns were increased attacker activity (54%), budget constraints (35%), and increased attack surface (35%).
Carlos Morales, senior vice president of solutions at Neustar, said IT and security teams have been tasked with leading digital initiatives in recent years against the backdrop of skills shortages, more sophisticated attacks, and an expanding attack surface. claimed.
“Increased budgetary pressures are again pushing IT and security teams to do more with less. It could accelerate the adoption of service-based offerings that make it possible,” he added.
“Cost may be a driver, but technology leaders must carefully consider what value potential products can offer in order to have the greatest impact on their organizations.”
