Making Cybersecurity Budgets Stretch Further: Optimizing C-Suite Spend With Cloud-Based Security

Kev Eley, VP Sales UK & Europe - LogRhythm
 
Today’s unpredictable economic landscape is putting cybersecurity budgets under strain and creating the perfect conditions for surging cyberattacks. In tough times, an organization's C-suite is focused on cutting back on what they perceive as non-essential costs. However, with the growing threat landscape, defending against critical threats must remain a top business priority.
According to findings from ISACA, 70% of organizations reported a labor shortage for their security team in 2022. At the same time, Cybersecurity Ventures predicts that worldwide cybercrime costs will hit $10.5 trillion annually by 2025. Balancing the mitigation of rising threats with resource limitations is an issue that is especially challenging for small and medium-sized enterprises (SMEs) that operate with a small security team and have tighter budgets to work with.
 

 
To navigate these challenging business conditions, organizations need to foc...