Most organizations are increasing their cybersecurity budgets with CISOs planning to widen spending on identity and access management (IAM) and cloud security services. That’s according to Team8’s 2023 CISO Village Survey, which quizzed 130 global CISOs on a variety of security issues. It found that, along with expected increases in IAM and cloud security spending, CISOs are also looking for improved third-party risk management, AI security, and human error/insider risk reduction solutions.
Separate research published in June suggested that security budget hikes are missing the mark, with knee-jerk reactions and impractical expectations hampering the ability of CISOs to make business-critical security investments.
