"Factors Influencing IT Security Spending"

According to Netrix Global, security executives want more Artificial Intelligence (AI) solutions in 2023 to help them combat the expanding cybersecurity threat landscape. Twenty-two percent of respondents want to see AI increasingly used in cybersecurity this year, nearly five times more than automation, which came in second (5 percent), followed by threat detection (4 percent), enhanced cloud security (4 percent), and authentication methods (4 percent). When examining other findings regarding spending decisions, security executives believe supply chain issues and a growing distributed workforce will have a greater impact on Information Technology (IT) security spending in 2023 than the looming recession. The study found that only 38 percent of executives believe the recession will significantly impact their IT security spending this year. This article continues to discuss key findings from the Netrix Global 2023 Cybersecurity Outlook Research Report.

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