New report from IANS Research and Artico Search shows that the average security budget is only up by 6% this year, representing a 65% decrease in cybersecurity spending from the prior year.
The White House budget is seeking a $145 million increase in cybersecurity spending for CISA, $245 million for training cybersecurity professionals in the energy sector, $63 million for the FBI's cyber investigations division, and $215 million for the Treasury Department to implement zero trust architecture and generally bolster its cyber defenses.
We're storing too much sensitive information, and our budgets are way too small to protect it. As long as we continue to undervalue data, we will underspend on protecting it.
Thycotic survey of global CISOs shows that board decisions about cybersecurity spending are decidedly reflexive, with the primary drivers being fear of regulatory penalties or the costs of a repeat breach.
