The point

Chief Information Security Officers (CISOs) are experiencing a slowdown in budget growth, with over a third reporting flat or reduced spending in 2024, according to a survey by IANS Research.
Despite an overall increase in security budgets of 8% this year, this is significantly lower than the growth rates of 16% and 17% seen in 2021 and 2022, respectively.

The survey indicates that staffing levels are also stagnating, with many CISOs not hiring amid a continuing talent shortage in the cybersecurity field.
However, security's share of overall IT budgets is rising, increasing from 8.6% in 2020 to 13.2% in 2024.
This shift reflects a growing recognition of the importance of security among C-suite executives,

• partly driven by regulatory changes
• and rising concerns over third-party supplier vulnerabilities.

Additionally, the cyber insurance market is expanding, though CISOs are advised to scrutinize policy terms to ensure adequate coverage in case of incidents. OK yes, thanks.. Sounds very high level, right ? Yes it is.

Why this article ?

• As you will know when we will disclose more on the CybersumProject, we like (str*****ed) summaries. And even at high level, a good one.
• And, among others, we like - a lot - the Register; then IANS is an ISC2 partner that you should know. ;-)

Credits:
- The register: security spending boom slowing
- IANS and Artico: IANS report
- CVE ? NO CVE this time :D