2024 Security Budgets And Priorities Benchmarks, Global

Summary
Fewer Security Leaders’ Budgets Will Increase This Year
- Cybersecurity Spending Becomes A Larger Share Of The IT Budget
- Firms With Higher Security Budgets Are More Likely To Grow Their Budgets
- Security Leaders With Lower Budgets Still Reported Fewer Breaches, But The Gap Is Shrinking
- Security Leaders With Lower Budgets Spend More On People
- Stopping Threats And Protecting The Cloud Dominates Strategic Priorities
- Budget Size Exposes Differences In Tactical Priorities
- Challenges Remain Regardless Of Budget Size

Summary

We expect security budget growth to slow in 2024, with some variations based on an organization’s industry, region, and security maturity. CISOs must do more with less and optimize their spending to align with their organization’s most critical strategic objectives. Security leaders can use this report to understand how peers plan to spend their 2024 security budgets and tackle their most pressing issues.

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