10% of CISOs and IT professionals manage cybersecurity in-house

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Security spending trends of Chief Information Security Officers (CISOs) were analyzed in a recent report by Nuspire. The study also charts how CISOs’ and IT security decision-makers’ (ITDMs) challenges and priorities have evolved.

Changes include a significant reduction in concerns over securing a remote workforce and an increased focus on cybersecurity insurance and incident response. Additional findings from the study include:

Ten percent of CISOs/ITDMs manage all of their cybersecurity needs in-house.
CISOs/ITDMs with less than $1 million for outsourcing are more likely not to outsource compared to their peers with larger budgets.
CISOs/ITDMs report increased confidence in their cybersecurity systems, especially considering their security strategy relative to end-user compliance and peers.
CISOs/ITDMs are now more concerned with software applications and email/collaboration tools versus end users and endpoints.
Despite recent economic trends, 58% percent of CISOs and ITDMs said their budgets had increased, and of those, 42% said they have plans to increase their budgets even more.

ON DEMAND: Business-impacting events such as severe weather, man-made disasters, and supply chain disruption are increasing in frequency and making impacts around the globe.

In today's rapidly evolving security landscape, organizations face an ever-growing array of disruptive events, security threats and risks. Traditional reactive approaches to security intelligence often leave businesses vulnerable and ill-prepared to anticipate and mitigate emerging threats that could impact the safety of their people, facilities or operations.