These sectors seeing security finances will increase are monetary providers, know-how, retail and hospitality, and authorized. These seeing decreases are healthcare, enterprise providers, shopper items and providers, and manufacturing. These could also be organizations hit hardest by inflation and that aren’t solely chopping cyber budgets however general spending, the report says.
Headcount progress cooling
Safety headcount progress can be cooling. Whereas nonetheless double-digit, workers was anticipated to develop 12% this yr, down from 16% final yr and 31% in 2022. Put one other method, 52% of CISOs deliberate so as to add headcount this yr, barely down from the 55% of respondents in 2023 who stated they’d add workers, and markedly down from 68% in 2022.
For the final 12 months, the report stated, it has been troublesome for CISOs so as to add workers even when there’s a necessity. “Groups are being requested to do extra with much less, and CISOs are discovering it troublesome to get finances for recruiting and hiring. This places loads of stress not solely on CISOs, but additionally on their groups.”
