"Growth in Cybersecurity Spending Sank by 65 Percent in 2022-23, Report Finds"

According to a new report from IANS Research and Artico Search, there was a 65 percent drop in cybersecurity spending growth during the 2022-23 budget cycle. Over a third of the 550 CISOs surveyed experienced budget cuts or spending freezes due to widespread economic stressors, up from 21 percent compared to last year's study. The 2023 Security Budget Benchmark Summary Report revealed that cybersecurity spending in the US and Canada increased by only 6 percent on average in 2022-23, a decrease of nearly two-thirds compared to the 17 percent growth in 2021-22. This article continues to discuss the drop in cybersecurity spending growth.

SC Magazine reports "Growth in Cybersecurity Spending Sank by 65 Percent in 2022-23, Report Finds"

Submitted by grigby1