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Report: Cybersecurity Budget Growth Slows but Doesn’t Stall

Inflation hit many organizations and departments hard this year, but cybersecurity budgets were affected significantly less compared to budget and staff cuts made in other areas, according to a benchmarking report from IANS and Artico Search.

The 2023 Security Budget Benchmark Summary Report found that although year-over-year budget growth for cybersecurity was significantly lower than in 2020 and 2021, it still increased by 6 percent on average. Not everyone is experiencing this modest increase, though. 

Focus on Organized Crime

Close up photo of a typewriting with the phrase "Are you Ready" typed on a piece of paper. There is an light blue overlay with circuit imagery over the image. How to recover after a cybersecurity hack.

Your Cyber Response Plan Needs These 6 Components

Cybersecurity incidents are no longer a matter of if, but when. Building a good strategy and architecture to deter intrusions is incredibly important in reducing the frequency and severity of incidents, but there is no scenario where any organization is totally immune. That means that every organization must have a plan for what they will do in both their enterprise (IT) and operational technology (OT) environments in case an incident occurs.

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