Shrinking cyber budgets are leaving businesses at risk

This article has been indexed from Help Net Security

The cyber budgets of enterprises rose by less than 1% during the pandemic, according to their cyber budget holders. This left cyber spend stagnating at an average of around £18 million ($24.9 million) for the 2021 financial year. This is despite the fact that 61% reported having suffered a major cyber incident in the past three years. 50% of organizations either ‘hit pause’ or decreased their cyber budgets during the pandemic. Now, IT leaders expect … More

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