CISOs Plan to Increase Cybersecurity Spending Despite Economic Concerns: Nuspire

Nuspire, a leading managed security services provider (MSSP), announced findings from its second annual research study, revealing current challenges, priorities and purchasing trends of Chief Information Security Officers (CISOs).

The study also charts how CISOs’ and IT security decision-makers’ (ITDMs) challenges and priorities have evolved since the first report was published in August 2022. 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:

  1. Ten percent of CISOs/ITDMs manage all of their cybersecurity needs in-house.
  2. CISOs/ITDMs with less than $1 million for outsourcing are more likely not to outsource compared to their peers with larger budgets.
  3. CISOs/ITDMs report increased confidence in their cybersecurity systems, especially considering their security strategy relative to end-user compliance and peers.
  4. CISOs/ITDMs are now more concerned with software applications and email/collaboration tools versus end users and endpoints, which topped the list last year.
  5. The unique challenges and IT pressures of remote work have fizzled out from the benchmark study, making way for greater emphasis on attracting and retaining skilled cybersecurity professionals.

Nuspire’s research methodology involved anonymously surveying more than 200 U.S.-based CISOs and ITDMs from large to mid-size enterprise organizations across various industries, including manufacturing, financial services, information technology, healthcare, retail and more.

The “Second Annual CISO Research Report on Challenges and Buying Trends: A Focus on Optimization” is available on Nuspire’s website.

Leave a Reply

Discover more from The IT Nerd

Subscribe now to keep reading and get access to the full archive.

Continue reading