Over half of CISOs expect frozen or lower budgets in 2024

A new State of Pentesting report from Pentera shows that 53 percent of organizations surveyed have decreasing or stagnating cybersecurity budgets, requiring CISOs to do more with less. This compares to last year when 92 percent of organizations surveyed expected to raise their IT security budgets. Only five percent of CISOs this year are projecting their IT security budgets will grow by more than 10 percent compared to 36 percent in 2023. The survey, of 450 CISOs, CIOs, and IT security leaders at enterprise companies with more than 1,000 employees, shows that organizations are continuing to prioritize pentesting as part… [Continue Reading]