A long-held belief among enterprise organizations is the more you spend on IT and security technology, the stronger your security posture will be. The tendency has been to address each new challenge or threat that emerges with the purchase of one more solution, or another shiny new tool. This approach of spending your way to security is not just costly; it also breeds a false sense of security.
As economic uncertainty continues alongside the ongoing pandemic, IT and Security budgets are likely to see modest - if any – growth this year. Therefore, it will fall to CIOs to focus on maximizing existing investments, getting back to the basics, and doing more with the same (or less).