FIND US
ABOUT US
INVESTING IN
CYBER RESILIENCE
If you have agreed to receive our communications and updates, you can change your preferences or unsubscribe at any time.
By clicking below, you consent to allow S-RM to store and process the personal information submitted above to provide you the content requested.
DEALING IN
UNCERTAINTY
Spend, Strategy, and the Search for Value
Cyber budgets are on the rise but are they behind the curve?
The pandemic put a pause on cyber spend with budgets increasing on average less than 1% during the period. They are now set to rise by an average of 8% in the next 12 months. However, the rate and cost of cybercrime are also increasing. With insurance markets hardening, making it more difficult to transfer cyber risk to a third party, investing in organisational resilience has never been more important.
Strategy implementation creates value for money
51% of companies said they are yet to fully implement and roll out a cyber security strategy. Those that have, see greater value for money in their cyber investments – from technology to training.
Hybrid working continues to be a challenge
The shift to hybrid working models during the COVID-19 pandemic triggered 95% of companies to change their cyber incident response plans either in part or completely to evolve with new ways of working. But hybrid working remains the top-ranking concern for cyber decision makers, where 42% grapple with the tension between keeping the wider business running smoothly and staying on top of cyber security priorities.
Key findingsCyber budgets are set to rise over the next three years. However, the fast changing threat landscape, a hardening insurance market and hybrid working models are all factors putting pressure on companies to make the right investment choices and improve their cyber resilience.
600 participantsWe surveyed 600 senior leaders and IT decision makers to learn where cyber budgets can be best invested, and how organisations can set their cyber strategies up for success.
of companies have not fully implemented a cyber security strategy
of senior decision makers could use cyber investment advice
experienced a significant cyber incident
51%41%80%READ THE REPORT IN FULL