Infosecurity Europe has announced findings from research into the cybersecurity budgets of organisations, with 69 per cent of surveyed IT decision-makers citing that they have seen, or will see, their cybersecurity budgets increase between 10 and 100 per cent in 2024.
Almost one in five (19 per cent) of those surveyed are seeing or are expecting to see budgets increase between 30 and 49 per cent over the coming year.
Infosecurity Europe’s Advisory Council member Mun Valiji said: “We continue to see pragmatic budgetary spending on cyber security under mounting macroeconomic pressures. The fast-changing threat landscape and tightening regulatory pressures have, in the main, seen security budgets benefiting from much-needed increases, which is positively received.”