Companies Should Implement ROI-Driven Cybersecurity Budgets

August 3, 2023

Companies Should Implement ROI-Driven Cybersecurity Budgets

Cybersecurity budgets are up after enduring budget cuts and economic uncertainties, Forrester’s recent report reveals. Still, companies are struggling to combat cybersecurity threats and keep their companies safe.

Scale’s Cybersecurity Perspectives 2023 report reveals that most businesses (71%) are experiencing three or more security incidents, a 51% increase compared to 2022. Security teams struggle with talent gaps, are overwhelmed by alerts, and can’t find the right tools, despite security budgets increasing by 20% on average in large enterprises and 5% in mid-sized enterprises.

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